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.
Police say a shooting at the University of Bridgeport was an isolated incident that did not involve students.
Anthony Volpe's grand slam powered the Yankees' to an 11-4 win over the Dodgers in Game 4 of the World Series on Tuesday.
Nikola Jokic had 29 points, 18 rebounds and 16 assists and the Nuggets beat the Nets 144-139 in overtime on Tuesday.
Alex Ovechkin scored career goals 855 and 856, and the Capitals beat the Rangers 5-3 on Tuesday night.
The Islanders fired 42 shots on goal, but lost for the third time in four game, 3-1 to the Ducks on Tuesday.
Anthony Volpe's grand slam powered the Yankees' to an 11-4 win over the Dodgers in Game 4 of the World Series on Tuesday.
A Brooklyn-based nonprofit is working to make a positive change in the form of student graduations in the community.
Sabina Rosas, 33, was found dead in a room at the Shou Sugi Ban House wellness resort in the Hamptons on Monday.
A judge in Queens has ruled that the city shutting down a cannabis shop that was operating without a license was unconstitutional.
Happy 138th birthday to the Statue of Liberty, an iconic landmark that is uniquely New York.
Police say a shooting at the University of Bridgeport was an isolated incident that did not involve students.
The Halloween weather forecast for 2024 shows several record highs are in jeopardy around New York and New Jersey.
Connecticut voters are getting their chance as America decides on the next president, but that's not the only thing voters will see on their 2024 ballot.
The New York City area will see a warm-up to close out the month, with record highs in jeopardy on Halloween.
A frost advisory will be in effect in parts of the Tri-State Area early Sunday morning.
Police officers raced into a burning New Jersey home and saved a woman's life, and the heroic rescue was captured on camera.
Students and staff have been displaced from their New Jersey elementary school after the discovery of mold shut their school building down.
The Halloween weather forecast for 2024 shows several record highs are in jeopardy around New York and New Jersey.
Anthony Volpe, the pride of Watchung, N.J., will take the field at shortstop for the Yankees on Monday in Game 3 of the World Series.
The race for congressional District 7 in New Jersey is being closely watched across the nation. A win for challenger Sue Altman could give Democrats an edge in the U.S. House of Representatives.
Sabina Rosas, 33, was found dead in a room at the Shou Sugi Ban House wellness resort in the Hamptons on Monday.
Clean water is on the ballot in Long Island's Suffolk County. Proposition 2 asks voters to approve a small new sales tax to protect drinking water and waterways.
The NY-1 race on Long Island pits incumbent Republican Nick LaLota against Democratic challenger John Avlon.
Former Abercrombie & Fitch CEO Mike Jeffries pleaded not guilty in a Long Island courtroom Friday to sex trafficking and prostitution charges.
There was an urgent call Thursday for a solution in the bankruptcy of the Harborside, a Long Island retirement community.
A judge in Queens has ruled that the city shutting down a cannabis shop that was operating without a license was unconstitutional.
Seven days before Election Day, former President Donald Trump is campaigning in Pennsylvania while Vice President Kamala Harris gives a closing argument for her campaign. I will work with everyone —Democrats, Republicans, and Independents—to help Americans who are working hard and still struggling to get ahead.
Firebrand right-wing influencer Steve Bannon served a four-month sentence for defying a subpoena from a congressional committee that investigated the Jan. 6, 2021 attack on the U.S. Capitol.
There was intense fallout Monday from the racist rhetoric at Donald Trump's Madison Square Garden rally on Sunday.
Clean water is on the ballot in Long Island's Suffolk County. Proposition 2 asks voters to approve a small new sales tax to protect drinking water and waterways.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Gov. Kathy Hochul on Tuesday announced a $150 million investment in a new state-of-the-art cell and gene therapy hub to be built on Long Island.
Dozens of New York and New Jersey schools are impacted by a recall of meat and poultry products potentially contaminated with listeria.
The worst rates of the infection known as "walking pneumonia" or "white lung pneumonia" are in young children ages 2 to 4 years old.
Rwanda says it's gaining control of a Marburg outbreak, but U.S. authorities are taking no chances as another killer virus spreads fast.
Rapper Tekashi 6ix9ine has been arrested in New York City for alleged violations of the conditions of supervised release that were set when he was sentenced several years ago to two years in prison in a racketeering case.
Teri Garr rose from being a background dancer in Elvis Presley movies to co-star in such favorites as "Young Frankenstein" and "Tootsie."
Timothée Chalamet surprised the crowd at his own look-alike contest at Washington Square Park in Manhattan.
The lead singer-songwriter for the superstar band Fleetwood Mac who became a superstar solo artist talks about her latest song, "The Lighthouse," that was inspired by her own experience with abortion, and a strong desire to "do something."
Cardi B says she's been hospitalized with a medical emergency and will have to miss her scheduled performance at ONE Musicfest in Atlanta.
Anthony Volpe's grand slam powered the Yankees' to an 11-4 win over the Dodgers in Game 4 of the World Series on Tuesday.
Nikola Jokic had 29 points, 18 rebounds and 16 assists and the Nuggets beat the Nets 144-139 in overtime on Tuesday.
Alex Ovechkin scored career goals 855 and 856, and the Capitals beat the Rangers 5-3 on Tuesday night.
The Islanders fired 42 shots on goal, but lost for the third time in four game, 3-1 to the Ducks on Tuesday.
Bill Belichick's criticism of the New York Jets didn't sit well with one player following a loss to the New England Patriots.
A Brooklyn-based nonprofit is working to make a positive change in the form of student graduations in the community.
A Harlem preschool teacher was honored Monday for his three decades of serving students, some as young as 3 years old.
A 130-year-old organization, the Brooklyn Kindergarten Society is working to bridge gaps for early childhood education in underserved communities.
Rudy's Pastry Shop in Ridgewood, Queens has been serving up cookies, cakes and more for nearly nine decades.
Girls at the Brooklyn Basketball Academy say they feel energized and excited by the New York Liberty's championship win.
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."
A man was stabbed to death on the platform of the Stillwell Avenue station overnight in Coney Island, Brooklyn. CBS News New York's Derick Waller has the details.
CBS News New York's Tony Sadiku has the latest weather forecast.
CBS News New York's Ali Bauman has more on how the presidential candidates are trying to appeal to voters in this crucial final stretch of the campaign.
CBS News New York's Lonnie Quinn is calling for some sun and a high in the low 70s on Wednesday and then it will be even warmer on Thursday.
CBS News New York's Otis Livingston and Alecia Reid were outside the stadium on Tuesday night talking to fans as the Bombers pulled away for an 11-4 win over the Dodgers in Game 4.
