![Money with Tax Check and Form 1040](https://assets3.cbsnewsstatic.com/hub/i/r/2021/01/07/eccf53a2-e0d7-49e5-9e83-058f9ba977e9/thumbnail/640x360/1df47234b4ebba66c785b647a0e0730c/gettyimages-1289069272.jpg?v=2287029998c5246c93d6dd038eb30603#)
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.
Watch CBS News
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.
Here's our in-house consumer tech expert Jason R. Rich's in-depth review of the Amazon Kindle Scribe.
Three administrators have been "permanently removed from their positions" at Columbia College and "remain on leave" over texts they exchanged during an on-campus event about Jewish life at the school, Columbia University's president announced Monday.
Critical funding for the $16 billion Gateway tunnel project, the largest infrastructure project in U.S. history, was made official Monday.
The Adams administration unveiled New York City's first official trash bin Monday and announced that all residential buildings with 1-9 units will be required to put their trash in containers later this year.
Alec Bohm vs. Pete Alonso will bring a taste of the Philadelphia Phillies-New York Mets rivalry to the 2024 Home Run Derby.
Three administrators have been "permanently removed from their positions" at Columbia College and "remain on leave" over texts they exchanged during an on-campus event about Jewish life at the school, Columbia University's president announced Monday.
Critical funding for the $16 billion Gateway tunnel project, the largest infrastructure project in U.S. history, was made official Monday.
The Adams administration unveiled New York City's first official trash bin Monday and announced that all residential buildings with 1-9 units will be required to put their trash in containers later this year.
A man stabbed a fellow amusement parkgoer at Adventureland over the weekend, police on Long Island said. The victim is in critical condition.
Heat advisories across the Tri-State Area mark the beginning of another very hot and humid week.
Heat advisories across the Tri-State Area mark the beginning of another very hot and humid week.
A Heat Advisory has been issued from 10 a.m. Monday through Tuesday at 8 p.m. for the majority of the region.
People from across the Tri-State Area have been flocking to the beaches to beat the heat and humidity. Several beaches in our area had already hit capacity by midday.
The NYC weather forecast calls for rain, but this map shows when the skies are expected to clear for the 4th of July fireworks.
Connecticut had several new laws start on July 1, 2024, including the school age cut-off and surveillance cameras meant to catch drivers who blow by buses.
Critical funding for the $16 billion Gateway tunnel project, the largest infrastructure project in U.S. history, was made official Monday.
Heat advisories across the Tri-State Area mark the beginning of another very hot and humid week.
Police are searching for a man wanted for detonating an improvised fireworks device at a New Jersey block party.
A Heat Advisory has been issued from 10 a.m. Monday through Tuesday at 8 p.m. for the majority of the region.
The U.S. Department of the Interior has approved what would be New Jersey's first off-shore wind farm project.
A man stabbed a fellow amusement parkgoer at Adventureland over the weekend, police on Long Island said. The victim is in critical condition.
Heat advisories across the Tri-State Area mark the beginning of another very hot and humid week.
A Heat Advisory has been issued from 10 a.m. Monday through Tuesday at 8 p.m. for the majority of the region.
A funeral was held Saturday for NYPD Officer Emilia Rennhack. She was killed when an SUV slammed into a nail salon on Long Island on June 28.
Family, friends and well-wishers gathered Friday to pay their respects to NYPD Officer Emilia Rennhack, who was killed when an alleged drunk driver crashed into a nail salon on Long Island last month.
Critical funding for the $16 billion Gateway tunnel project, the largest infrastructure project in U.S. history, was made official Monday.
President Biden wrote that he "wouldn't be running again if I did not absolutely believe I was the best person to beat Donald Trump in 2024."
CBS New York took part in an exclusive ride-along with NYC law enforcement targeting illegal marijuana shops.
House Minority Leader Hakeem Jeffries held a call with ranking committee members on Sunday.
President Biden spoke at Mt. Airy Church of God in Christ in northwest Philadelphia before traveling to Harrisburg Sunday afternoon.
FDA approval of the new Alzheimer's treatment, which will be branded as Kisunla, follows years of setbacks.
The New York City Virus Hunters are getting their hands dirty to find out which little birdies might be carrying a deadly disease in Central Park.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
The advisory issued by Dr. Vivek Murthy came as the U.S. grappled with another summer weekend marked by deadly mass shootings.
One bill being fast-tracked would make abortions free in New Jersey by eliminating co-pays.
Paramount Global, the owner of Paramount Pictures and CBS, will merge with a media company founded by David Ellison.
Alec Baldwin is charged with felony involuntary manslaughter in the Oct. 21, 2021, shooting death of Haylna Hutchins.
He worked with director James Cameron on the "Titanic" and the "Avatar" series.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo set a new record and retained the women's division title.
Ann Wilson, lead singer of rock band Heart, says she has cancer.
Alec Bohm vs. Pete Alonso will bring a taste of the Philadelphia Phillies-New York Mets rivalry to the 2024 Home Run Derby.
With Jessica Springsteen not returning to Team USA's equestrian jumping team, here's who made the cut.
The Red Sox defeated the Yankees 3-0 on Sunday night, giving New York 15 losses in its last 20 games.
Aaron Judge and Juan Soto will start for the AL at the All-Star Game. Pete Alonso was selected as an NL reserve.
Francisco Lindor's 2-run single in the ninth inning lifted the Mets to a 3-2 win over the Pirates on Sunday.
Accessibility improvements at Long Island Rail Road stations in Queens have been put on hold after congestion pricing was paused.
It's been several months since a new Trauma Recovery Center opened in Coney Island, and leaders say the community has responded in droves.
Beach erosion may be contributing to dangerous swimming conditions at Jacob Riis Park in Queens, and experts say common solutions come with consequences.
The Eliza Tower will provide "affordable luxury" to 174 low-income families. The most expensive three-bedroom is just $1,800 for families making 60% of the area median income.
The Boys & Girls Club of Harlem was not approved for replacement funding for a lapsed state after-school budget.
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."
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.
Tony Sadiku has the Tri-State Area's latest First Alert Forecast on CBS2 News at Noon.
New York City now has its first-ever official trash, recycling and compost bins, which are designed to work with the city's fleet of sanitation vehicles.
Critical funding for the $16 billion Gateway tunnel project, the largest infrastructure project in U.S. history, was made official. CBS New York's Jessica Moore reports.
It was blazing hot at the Coney Island boardwalk on Monday afternoon. CBS New York's Derick Waller reports.
The New Jersey senator pleaded not guilty to accepting cash and gold bars in exchange for his political influence.