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.
Ramon Rivera, the man accused of killing three people in a stabbing rampage in New York City, is due in court today after being charged with three counts murder.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
Connor Zary scored midway through the third period to give the Calgary Flames a win over the New York Rangers on Thursday night.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
Mayor Eric Adams' massive rezoning plan known as "City of Yes" cleared a major hurdle Thursday, passing key City Council committee votes, with some modifications. It can now move ahead to a full City Council vote.
Ramon Rivera, the man accused of killing three people in a stabbing rampage in New York City, is due in court today after being charged with three counts murder.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
Mayor Eric Adams' massive rezoning plan known as "City of Yes" cleared a major hurdle Thursday, passing key City Council committee votes, with some modifications. It can now move ahead to a full City Council vote.
A 9/11 memorial was vandalized inside a church in Midtown Manhattan on Wednesday, and police say the suspect is seen on video walking out with a piece of the artwork.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
It looks like the Tri-State Area will get a substantial soaking of rain later this week, something it definitely needs due to the risk of wildfires.
The risk of wildfire development will remain elevated across the Tri-State Area through the next several days.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
CBS News New York's Dick Brennan went to JFK, LaGuardia and Newark Airport to find out, is air travel really getting worse?
A Woodbridge, New Jersey homeowner was arrested Thursday after investigators say he started a fire that damaged six homes, including his own.
The Justice Department says it found a pattern of misconduct and civil rights violations by the Trenton Police Department.
Burn bans in New Jersey have been lifted after significant rainfall in the state.
A Red Alert is in effect this morning as snow triggers winter weather alerts in the Tri-State Area.
A plan to regionalize some New York public school services has set off alarm bells among Long Island parents and educators.
The iconic Stella Ristorante in Floral Park, Long Island will close on Dec. 31 after 64 years in business.
The weather is shifting and bringing much-needed rain to the Tri-State Area. There may even be snow in parts of New York.
Dozens of Suffolk County homeowners are shocked after they say FEMA denied their requests for aid after storms caused devastating damage in August.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
The suit claims McMahon and others at the WWE were aware of misconduct decades ago and negligent in failing to prevent it.
A plan to regionalize some New York public school services has set off alarm bells among Long Island parents and educators.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
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.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The leader of a New York City church where pop star Sabrina Carpenter filmed scenes for a music video has been stripped of his duties.
Sean "Diddy" Combs has tried to reach out to prospective witnesses and sway public opinion from jail in NYC to influence potential jurors in his sex trafficking trial, prosecutors say.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Six Flags announced it shut down the Kingda Ka and Green Lantern roller coasters to make way for two new rides including The Flash coaster.
Connor Zary scored midway through the third period to give the Calgary Flames a win over the New York Rangers on Thursday night.
Lucas Raymond scored with 51 seconds remaining and the Detroit Red Wings beat the New York Islanders on Thursday night.
The New Jersey Devils downed the Carolina Hurricanes on Thursday night.
Yankees outfielder Aaron Judge was a unanimous pick to win his second American League Most Valuable Player Award in three seasons on Thursday.
The new soccer stadium across from Citi Field will be called Etihad Park, NYCFC and the United Arab Emirates airline announced.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare.
Nov. 29 is the last day for New York City restaurants to remove roadway dining sheds, which will now be seasonal under new regulations set by the City Council.
A new state-of-the-art trash system in NYCHA's Polo Grounds Towers in Harlem promises to tackle energy, rodent and recycling issues.
Families in Central Harlem will soon settle into their new homes at Marcus Garvey Village, which also brings free gathering spaces to the community and an LGBTQ center.
The Hispanic Society's new exhibit traces how different cultures influenced the women of Spain as they found their own voices throughout history.
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."
Tony Sadiku has the Tri-State area's updated Friday forecast on CBS News New York at 8 a.m.
Ramon Rivera is charged with three counts of murder. CBS News New York's Elijah Westbrook reports.
Tony Sadiku has the Tri-State Area's updated Friday morning forecast on CBS News New York.
President-elect Donald Trump picked Florida's former attorney general Pam Bondi to lead the DOJ after Matt Gaetz withdrew his nomination. CBS News New York's Jarred Hill reports.
A Red Alert is in effect as it snows in parts of the Tri-State Area. CBS News New York's Christina Fan reports from the Mobile Weather Lab.
