Do you use PayPal or Venmo? The IRS is giving you a break.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
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Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Americans like Melissa Velez filed for the government's standard deduction – which is now a $12,000 credit for taxpayers - and her return was nearly cut in half.
New rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction.
The U.S. Department of the Treasury estimates 30 million Americans are being "under-withheld" this year.
Sue claims new $10,000 tax limit on state and local deductions aimed at hurting specific states.
The federal tax changes will affect states, like New Jersey, with some of the highest property tax rates in the country. On Friday, Gov. Phil Murphy signed a law that aims to provide some relief.
The fight over the new Republican tax law had some Democrats working hard to stop it. But now, it appears some of those lawmakers stand to benefit from the changes.
More than 50 people showed up at the Wyckoff Heights Medical Center on Saturday – not for medical advice, but to discuss taxes and how the plan that was passed in Washington might affect them.
The fight to protect New Yorkers from feeling taxed out from the federal tax plan got another player on Tuesday.
A growing number of companies say the new federal tax law will benefit their bottom lines, so they're sharing the windfall with workers.
With the new year brings a new federal tax code, which means higher taxes for many in our area because of the elimination of local and state deductions.
President Donald Trump could score his first legislative victory this week, as Congress is expected to vote on its tax overhaul plan.
One day after congressional leaders hammered out a tax reform agreement, Tri-State Area residents are calculating what the loss of key deductions will cost them.
President Donald Trump says the bill will lower the average American's tax bill, but it has some local lawmakers worried about state, local, and property taxes.
The Republican-led House approved a similar bill last month. Now, the two chambers will try crafting a final compromise to send to the president.
Suffolk County Executive Steve Bellone says the Republican tax proposal would be "absolutely devastating for Long Island."
Politicians from both sides of the aisle stood together Tuesday, urging their colleagues to slow the process and consider the ways they're hurting the northeast.
President Donald Trump is making another new push for his year-end agenda as he heads to the Capitol to rally Senate Republicans on taxes.
After the House narrowly approved the Republican tax bill, Cuomo was quick to criticize the four upstate New York Republicans who voted 'yes.'
The House voted 227-205 along party lines to approve the bill, which would bring the biggest revamp of the U.S. tax system in three decades.
Now that both the House and Senate have unveiled their plans, which slash or eliminate several deductions, including those for property taxes, many want to know what the proposals mean for them.
President Donald Trump is heading to Capitol Hill for a lunch with Senate Republicans.
President Donald Trump is set to head to Capitol Hill for action on a budget bill, and he hopes for a quick passage to move his agenda forward.
President Donald Trump is reaching across the aisle for help on his signature issue – tax reform.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
"The Parisian Heist" by Jo Piazza unites two time-lines, one involving an American art student and a billionaire family, the other involving the woman who created the legend behind artist Vincent Van Gogh
Air quality concerns in Philadelphia have led the Phillies to move up the start time of their series opener with the Mets by an hour.
A family of five from Spain, including three children, and the pilot died in the April 2025 crash.
More than 100 inmates at the sprawling Rikers Island correctional facility gathered in a gymnasium at the complex's main intake center to watch Wednesday's semifinal match between England and Argentina.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
More than 100 inmates at the sprawling Rikers Island correctional facility gathered in a gymnasium at the complex's main intake center to watch Wednesday's semifinal match between England and Argentina.
Dmitriy Popov, 20, was convicted of stabbing and killing O'Shae Sibley, 23, at a Brooklyn gas station in 2023.
Five firefighters were hurt while battling a large fire that engulfed two homes in the Bedford Park section of the Bronx on Thursday morning.
The entire Tri-State Area remains under an air quality alert Thursday for fine particulates. Residents experienced more hazy skies.
The entire Tri-State Area remains under an air quality alert Thursday for fine particulates. Residents experienced more hazy skies.
A heat advisory is in effect until Wednesday night for most of the Tri-State Area, with feels-like temperatures reaching into the 100s.
The Tri-State Area is dealing with extreme heat as cooling centers, pools, parks and other resources try to keep residents cool.
A heat advisory is in effect until Wednesday night for the Tri-State Area, with feels-like temperatures reaching into the 100s.
A heat advisory goes into effect from Tuesday to Wednesday for NYC and the surrounding area, as feels-like temperatures could reach the 100s.
Seven people were injured after a chlorine leak at an LA Fitness in a North Brunswick shopping center Thursday morning.
The entire Tri-State Area remains under an air quality alert Thursday for fine particulates. Residents experienced more hazy skies.
A New Jersey daycare owner is accused of administering melatonin to two children in her care without the consent of their parents.
The entire Tri-State Area is under another air quality alert Thursday. Officials are urging residents to limit time outside.
A heat advisory is in effect until Wednesday night for most of the Tri-State Area, with feels-like temperatures reaching into the 100s.
A former cargo ship captain pleaded guilty on Wednesday to drugging and raping a U.S. Merchant Marine Academy cadet.
The families of eight murdered women faced down Rex Heuermann and now want justice beyond the courtroom.
Authorities on Long Island are warning about a scheme in which victims are being urged to convert their savings into gold bars, then hand them over for "safekeeping."
Authorities on Long Island are warning about a scheme in which victims are being urged their savings into gold bars, and to then hand over those gold bars over for "safekeeping." CBS News New York's Carolyn Gusoff reports.
Some storms returned to the New York City and New Jersey area on Friday.
The "Rental Ripoff" report was released Thursday morning, stemming from months of hearings where hundreds of tenants across the city stepped forward to air their grievances.
New York City officials confirmed Wednesday that outreach teams were midway through efforts to help the homeless at a sprawling West Side encampment before dismantling their living spaces.
Part of President Trump's speech Thursday night is expected to touch on previously unreported alleged Chinese meddling in U.S. elections, according to sources familiar with the matter.
The future of the New York City horse carriage industry was debated Wednesday at a City Council public hearing.
Acting Attorney General Todd Blanche testified Wednesday before the Senate Judiciary Committee for his confirmation hearing to lead the Justice Department in a permanent capacity.
A Queens man says he had trouble eating and drinking while suffering from cyclosporiasis.
The number of cyclosporiasis cases in the state of New York keeps growing.
As the number of cases of Legionnaires' disease on the Upper East Side continues to rise, City Council Speaker Julie Menin is blasting the Mamdani administration over its handling of the outbreak.
All of the Upper East Side buildings with cooling towers that tested positive for Legionella bacteria have completed necessary cleaning, New York City health officials said Sunday.
Thirty-one people who were hospitalized with Legionnaires' disease on the Upper East Side have been discharged, New York City health officials said Saturday.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The final show of Jay-Z's anniversary concert series at Yankee Stadium was delayed for hours after hundreds of ticketless fans flooded the gates and breached security, according to officials.
Jay-Z and some very special guests took over Yankee Stadium on Friday night, performing to a sold-out crowd.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
Taylor Swift and Travis Kelce were married in a place that generates plenty of garbage, and one man figured out there is a market for it if you package it just right.
Air quality concerns in Philadelphia have led the Phillies to move up the start time of their series opener with the Mets by an hour.
Defending World Cup champion Argentina rallied to edge England 2-1 to advance to Sunday's final at MetLife Stadium, where they will face Spain.
The World Cup semifinal between England and Argentina was a grudge match, reopening decades-old wounds for both countries.
Dylan Cease struck out the side in the first inning, combining with 10 relievers on a three-hitter in a show of pitching dominance that led the American League to a 4-0 win over the National League in the All-Star Game.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Eddie Palmieri, the East Harlem legend who revolutionized Latin music, now has a street renamed in his honor.
Services for the UnderServed's urban gardens and beehives provide therapeutic opportunities for New Yorkers with intellectual and developmental disabilities and behavioral health challenges
Religious institutions across the country are exploring how their properties can help address the affordable housing crisis, with a Brooklyn development offering a model for blending community needs with faith-based missions.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
McDonald, one of the NYPD's most inspirational officers, received the posthumous honor at the police training academy in College Point, Queens.
A New Jersey man in need of a kidney donor is hoping a billboard in Times Square helps save his life. CBS News New York's Dave Carlin reports.
Dmitriy Popov will spend two decades behind bars for the 2023 killing of professional dancer O'Shae Sibley in Brooklyn. CBS News New York's Alice Gainer reports.
CBS News New York's Scott Padgett explains what happens when heavy rain, as is expected on Saturday, falls through wildfire smoke.
Thousands of sports fans will experience once-in-a-lifetime moments as Fanatics Fest takes over the Javits Center for four days. CBS News New York's Steve Overmyer reports.
