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.
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.
Jalen Brunson returned from a right foot injury to score 24 of his 29 points in the second half, leading the New York Knicks to a 130-121 victory over the Indiana Pacers for a 2-0 lead in the Eastern Conference semifinals.
Juan Soto homered and drove in five runs, Aaron Judge and Giancarlo Stanton also went deep and the New York Yankees beat the Houston Astros 9-4.
Three teenagers were rescued after they got stuck on a cliffside in Upper Manhattan on Wednesday.
Know these three surefire signs that your mattress has bedbugs.
Three of four Brooklyn gang members convicted for a series of fatal shootings were sentenced Wednesday.
Three teenagers were rescued after they got stuck on a cliffside in Upper Manhattan on Wednesday.
Three of four Brooklyn gang members convicted for a series of fatal shootings were sentenced Wednesday.
The family of 19-year-old Win Rozario is calling for the two officers involved to be fired.
Nearly two dozen faculty members at The New School put up tents in the Greenwich Village school's lobby on Wednesday.
A New York City woman says she lost over $2,000 in a Venmo scam after two teenagers approached her asking for a donation.
Traffic was flowing on I-95 in Norwalk Monday after being shut down in both directions due to a fiery tractor-trailer crash last week.
I-95 fully reopened in both directions Sunday in Norwalk, Connecticut, days after a tanker truck caught fire and badly damaged a bridge.
Northbound lanes of I-95 have reopened in Norwalk, Connecticut after crews demolished a bridge that was damaged in a tanker truck fire.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The I-95 overpass in Norwalk, Connecticut that was damaged in a fiery tanker truck crash is being demolished, but the highway remains partially closed.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
New Jersey leaders announced Tuesday the expansion of its partnership with mental health and wellness platform Uwill for two more years.
In wake of last week's pro-Palestinian protests, all is quiet on Rutgers' New Brunswick campus as students finish up finals.
TSA says Newark Airport security wait times may take longer for the next few weeks as the airport upgrades its screening technology.
An accused international jewelry thief was arrested in New York City after he was allegedly caught on video pocketing a $17,000 watch inside a Long Island store.
The land in East Farmingdale, near Republic Airport, has been vacant since the 1990s.
As we progress into Sunday, light showers will become a steady rain, which may be moderate to heavy at times.
The controversial New York City congestion pricing tolls set to start June 30 are facing another lawsuit, this time from Long Island.
Isis Navarro Reyes, of New York, allegedly posted TikTok videos marketing weight loss drugs that appeared to be Ozempic, Mesofrance and Axcion.
Nearly two dozen faculty members at The New School put up tents in the Greenwich Village school's lobby on Wednesday.
Jewish students and leaders are not happy with Rutgers University's agreement with pro-Palestinian protesters.
A senior administration official linked the pause to Israel's operation in Rafah.
Three public school district leaders testified before a congressional panel Tuesday on incidents of antisemitism in their schools.
Stormy Daniels was called to the witness stand to testify at former President Donald Trump's trial in New York on Tuesday.
Panera is phasing out a highly caffeinated selection of lemonade beverages that's at the center of several lawsuits.
Hormel Foods says potentially contaminated products were shipped to Publix and Dollar Tree distribution warehouses.
A New Jersey teenager says making music helps bring him to a better place as he fights cancer.
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.
Vicky Dennis went to the hospital with strange symptoms when she had COVID. Doctors found she had two undiagnosed, life-threatening diseases and needed a liver transplant to survive.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
Livestreamer Kai Cenat will not be prosecuted in connection to the riot that broke out after he promoted a meet-and-greet and giveaway in Union Square last year.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
The stars came out for the the 2024 Met Gala in New York City. See some of the most eye-catching outfits of the night.
'Bob Hearts Abishola', the acclaimed comedy, is signing off after its fifth season on CBS.
Jalen Brunson returned from a right foot injury to score 24 of his 29 points in the second half, leading the New York Knicks to a 130-121 victory over the Indiana Pacers for a 2-0 lead in the Eastern Conference semifinals.
Juan Soto homered and drove in five runs, Aaron Judge and Giancarlo Stanton also went deep and the New York Yankees beat the Houston Astros 9-4.
Vincent Trocheck scored a power-play goal off a rebound at 7:24 of the second overtime to give the New York Rangers a 4-3 win over the Carolina Hurricanes for a 2-0 lead in their second-round playoff series.
Brandon Nimmo hit a three-run homer to spark a six-run fifth inning, and the New York Mets rallied to beat the St. Louis Cardinals 7-5.
Alex Verdugo homered and tied a career high with four RBIs, powering the New York Yankees past Justin Verlander and the skidding Houston Astros 10-3.
Riverdale resident Leo Shliselberg says despite the hardships he's experienced in life, the best medicine is laughter.
A Brooklyn firefighter is hailed a hero after officials say he rescued a man out of a burning car in front of his family.
Millions of stamps designed by Brooklyn artist, Kim Parker, are decorating postage envelopes nationwide.
"Swans of Harlem" tells the story of five ballerinas in the early days of Dance Theatre of Harlem.
In light of budget cuts to New York City's public library systems, a Park Slope man decided to launch a fundraiser to support the Brooklyn Public Library.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A crane went up in flames high above Manhattan, then partially collapsed onto the street below.
CBS New York's Lonnie Quinn has your First Alert Forecast for May 8 at 11 p.m.
Residents in Clinton Hill, Brooklyn are begging the city for more resources to help with the migrant crisis. Neighbors say crowds are creating noise and trash, and that the asylum seekers need an opportunity to make a living. CBS New York's Alecia Reid has the story.
Miss Teen USA has given up her crown just two days after Miss USA resigned. UmaSofia Srivastava, who represented New Jersey, said in part, "My personal values no longer fully align with the direction of the organization."
Faculty members at The New School have erected their own protest encampment. CBS New York's Ali Bauman spoke with teachers at the campus in Greenwich Village who say this is a first.
The NYPD has released additional photos of a person suspected of spray-painting graffiti on a World War I statue Monday night.