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.
A driver faces a list of charges after police say she fatally struck a mother and her children at a crosswalk on Ocean Parkway in Brooklyn.
The actor died Saturday, March 29, in Waimanalo, Hawai'i of complications following a stroke. He was two days shy of his 91st birthday.
Desperate search-and-rescue operations continue in Myanmar and Thailand following Friday's deadly earthquake, and organizations in the Tri-State Area are doing what they can to help.
Yordan Alvarez got his first hit this season to lift the Houston Astros to a 2-1 win over the New York Mets on Saturday night.
Atlanta United rallied from two goals down to beat New York City FC 4-3 at Mercedes-Benz Stadium on Saturday night.
A driver faces a list of charges after police say she fatally struck a mother and her children at a crosswalk on Ocean Parkway in Brooklyn.
Desperate search-and-rescue operations continue in Myanmar and Thailand following Friday's deadly earthquake, and organizations in the Tri-State Area are doing what they can to help.
A man accused of crashing a vehicle into the backyard of a Long Island home then leaving the scene earlier this month has been arrested.
A mother and her two young daughters were struck and killed on Ocean Parkway in Brooklyn on Saturday. A third child is in critical condition.
A weekend filled with roller coaster temperatures and elevated pollen levels is here in the Tri-State Area.
A man who told police his stepmother held him captive in their Waterbury home for two decades asked why she is not in jail while awaiting trial, a state prosecutor says.
A weekend filled with roller coaster temperatures and elevated pollen levels is here in the Tri-State Area.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
Kimberly Sullivan, the Connecticut woman accused of imprisoning her stepson for 20 years, must wear a GPS monitor while out on bail, a judge ruled.
Prosecutors want to modify the bail for Kimberly Sullivan, the Connecticut woman accused of imprisoning her stepson for 20 years.
A weekend filled with roller coaster temperatures and elevated pollen levels is here in the Tri-State Area.
Repairs on Route 80 in Wharton, New Jersey, are not expected to be complete until early to mid-May, NJDOT said Friday.
New Jersey's days as the only state in the nation where drivers are not allowed to pump their gas could soon come to an end.
Cherry blossom trees are starting to bloom for the 2025 season around NYC, as they reach their peak in Washington, D.C.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
A man accused of crashing a vehicle into the backyard of a Long Island home then leaving the scene earlier this month has been arrested.
A nature lover successfully lobbied to create Long Island's first amphibian crossing, the underground Frog Hollow Tunnel.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
The Gilgo Beach murder case is moving toward trial, but Rex Heuermann's attorneys are challenging something called nuclear DNA testing.
Parents are calling for swift action after incidents of antisemitism at Paul J. Gelinas Junior High School in the respected Three Village School District.
Protesters are trying to escalate a movement targeting Tesla dealerships and vehicles in opposition to Elon Musk's role in DOGE.
Two new bills introduced by a New York congressman aim to protect SNAP benefit users from having their funds stolen.
The Ulster County clerk refused to file a $113,000 fine from Texas against a doctor accused of prescribing abortion pills to a woman near Dallas.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
A recent poll shows 85% of Greenlanders do not want to be part of the United States.
The Ulster County clerk refused to file a $113,000 fine from Texas against a doctor accused of prescribing abortion pills to a woman near Dallas.
In NYC and beyond, the spring 2025 allergy season is striking earlier -- and sticking around longer -- than usual this year.
Sleep apnea screenings will be free for New Yorkers under a new law passed at City Hall on Wednesday.
One of Mayor Eric Adams' signature mental health care programs is in question after a City Council report suggested it's ineffective.
Nestlé USA cites consumer complaints, including "one potential choking incident" for recalling products sold nationwide.
The actor died Saturday, March 29, in Waimanalo, Hawai'i of complications following a stroke. He was two days shy of his 91st birthday.
President Trump signed an executive order targeting funding for Smithsonian Institution programs that he says contain "divisive, race-centered ideology."
The Flash: Vertical Velocity coaster is the first "super boomerang" roller coaster in North America.
Hamdan Ballal said Israeli settlers in the occupied West Bank beat him in front of his home while filming the assault.
Israeli settlers have beaten up one of the Palestinian co-directors of the Oscar-winning documentary film "No Other Land."
Yordan Alvarez got his first hit this season to lift the Houston Astros to a 2-1 win over the New York Mets on Saturday night.
Atlanta United rallied from two goals down to beat New York City FC 4-3 at Mercedes-Benz Stadium on Saturday night.
The Brooklyn Nets beat the NBA-worst Washington Wizards 115-112 on Saturday night to end a six-game losing streak.
Nico Hischier scored three goals for his second hat trick of the season and the New Jersey Devils beat the Minnesota Wild 5-2.
The Tampa Bay Lightning beat the New York Islanders 5-3 on Saturday.
Coney Island's amusements are set to open Saturday as the Brooklyn Borough President weighs in on a casino proposal.
Students are swapping their textbooks for shovels in a mission to restore sand dunes at Coney Island Creek.
CBS News New York's Elle McLogan headed to Citi Field to find out what's new on the menu for Mets fans in 2025.
Voters will cast their ballots in Brooklyn in a special election to fill a vacant New York City Council seat
Amid ongoing litigation surrounding noise at Forest Hills Stadium, a new announcement from the NYPD has called the 2025 summer concert season into question.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
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."
Former Gov. Andrew Cuomo is way ahead in the latest New York City mayor's race poll. We ask New Yorkers why they think that is.
Writer, actor and comedian Corinne Fisher wants to be the next mayor of New York City. She says her campaign is no joke in this interview with CBS News New York's Marcia Kramer.
Gottheimer is one of 11 people running for governor of New Jersey. Hear why he thinks he should be the Democratic nominee in this interview with CBS News New York's Marcia Kramer.
Gottheimer is one of six Democrats running for New Jersey governor and Fisher isn't joking about her campaign to be New York City's next mayor. Watch the interviews on this episode of "The Point with Marcia Kramer."
Barry Williams and Mike Lookinland, who played Greg and Bobby Brady on "The Brady Bunch," will meet fans at The Chocolate Expo in Edison, New Jersey.
