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.
Defensemen Brent Burns and Dmitry Orlov got Carolina off to a fast start and the Hurricanes held on to beat the New York Islanders 3-2 on Thursday night for a 3-0 lead in the first-round series.
Joel Embiid scored 50 points, making all four 3-point attempts and scoring 18 in a potential series-shifting third quarter on Thursday night to lead the Philadelphia 76ers to a 125-114 win over the New York Knicks in Game 3 of their Eastern Conference first-round series.
Mason Miller retired Aaron Judge with a runner on for his first four-out save, and the Oakland Athletics beat the New York Yankees 3-1 for a four-game split.
A long-lost guitar that belonged to John Lennon has been found, and it will be on display and up for auction in New York City.
Newark Mayor Ras Baraka says the city will start enforcing its curfew for kids on May 3 after an uptick in crimes involving suspects under 18.
A long-lost guitar that belonged to John Lennon has been found, and it will be on display and up for auction in New York City.
Street vendors in the Bronx are calling on the city to fix the system for getting a vending license.
CBS New York's Vanessa Murdock looks back at historic tornado outbreaks, which highlight the fact that we don't have to be in the thick of severe weather season to witness a touchdown.
The MTA will invest $6 billion over the next decade to make mass transit more resilient to flooding during inclement weather.
Twenty years after the remains of two Gilgo Beach victims were found in Manorville, a widespread search has resumed there.
CBS New York's Vanessa Murdock looks back at historic tornado outbreaks, which highlight the fact that we don't have to be in the thick of severe weather season to witness a touchdown.
Former MIT researcher Qinxuan Pan has been sentenced to 35 years in prison in the 2021 murder of Yale graduate student Kevin Jiang.
Two heroic men saved a little girl that was running into into a busy intersection in East Hartford, Connecticut.
Expect to see a passing shower this afternoon, with a rumble here and there. Temperatures will be in the upper 60s to around 70 degrees.
U.S. News & World Report on Tuesday released their 2024 high school rankings, including nearly 2,000 in New York, New Jersey and Connecticut combined.
Newark Mayor Ras Baraka says the city will start enforcing its curfew for kids on May 3 after an uptick in crimes involving suspects under 18.
CBS New York's Vanessa Murdock looks back at historic tornado outbreaks, which highlight the fact that we don't have to be in the thick of severe weather season to witness a touchdown.
At least two Princeton University students were arrested Thursday at a pro-Palestinian protest on campus where students began setting up tents.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
The city of Passaic, New Jersey is receiving over $1.5 million in federal funds for flash flood remediation.
CBS New York's Vanessa Murdock looks back at historic tornado outbreaks, which highlight the fact that we don't have to be in the thick of severe weather season to witness a touchdown.
Twenty years after the remains of two Gilgo Beach victims were found in Manorville, a widespread search has resumed there.
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
Authorities with several law enforcement agencies continue to search an area in Manorville for evidence in the Gilgo Beach murders case.
U.S. News & World Report on Tuesday released their 2024 high school rankings, including nearly 2,000 in New York, New Jersey and Connecticut combined.
Former National Enquirer boss David Pecker appeared on the stand for the third day, detailing an agreement the tabloid made with a former Playboy model.
Former President Donald Trump visited a construction site in Midtown for an NYC rally before returning to court in his alleged "hush money" trial.
Gov. Hochul secures funding for New Yorkers struggling with mental illness and involved in the criminal justice system.
Mayor Eric Adams announced New York City's executive budget for the next fiscal year on Wednesday.
House Speaker Mike Johnson was met with loud boos as he visited Columbia University, where he joined calls for the president's resignation amid pro-Palestinian protests.
A New Jersey woman has received a first-of-its-kind transplant using a modified pig kidney along with a heart pump.
Suffolk County law enforcement officers are now equipped with a tool to help people on the autism spectrum during stressful encounters.
High blood pressure, or hypertension, may increase the risk of dementia, according to a new study. Hear from a doctor for advice on lowering your risk factors.
A New York City company promoted "$0 cost" COVID tests, then got over 100 complaints after people were told they may owe hundreds.
On the eve of 4/20, Gov. Kathy Hochul unveiled a plan for law enforcement to lock up thousands of illegal marijuana shops.
A long-lost guitar that belonged to John Lennon has been found, and it will be on display and up for auction in New York City.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Mary J. Blige, Cher, Foreigner, A Tribe Called Quest, Kool & The Gang, Ozzy Osbourne, Dave Matthews Band and Peter Frampton have been named to the Rock & Roll Hall of Fame.
The classic musical, which first opened in 1966, is back on Broadway in an immersive new production titled "Cabaret at the Kit Kat Club," starring Eddie Redmayne, Gayle Rankin and Bebe Neuwirth. Leave your troubles outside!
Taylor Swift's new album, "The Tortured Poets Department," was released Friday, and Swifties in New York City came together to celebrate.
Defensemen Brent Burns and Dmitry Orlov got Carolina off to a fast start and the Hurricanes held on to beat the New York Islanders 3-2 on Thursday night for a 3-0 lead in the first-round series.
Joel Embiid scored 50 points, making all four 3-point attempts and scoring 18 in a potential series-shifting third quarter on Thursday night to lead the Philadelphia 76ers to a 125-114 win over the New York Knicks in Game 3 of their Eastern Conference first-round series.
Mason Miller retired Aaron Judge with a runner on for his first four-out save, and the Oakland Athletics beat the New York Yankees 3-1 for a four-game split.
An unprecedented six of the first 12 picks were quarterbacks, an NFL Draft record.
The Jets have eight picks in the 2024 NFL Draft, including the final pick, aka "Mr. Irrelevant."
Street vendors in the Bronx are calling on the city to fix the system for getting a vending license.
Some Queens residents are fuming over cars parking on beloved greenway.
The 12th Annual Black Comic Book Festival returns to the Schomburg Center later this week.
There are plans to turn an Inwood parking lot into new affordable apartments for the community.
From affordable housing to commercial properties, New York City developers are addressing the climate crisis in a variety of ways.
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.
The university had given students a midnight deadline to disperse, but it appears that has come and gone. CBS New York's Christina Fan has the latest on what we know from campus.
CBS New York's First Alert Weather team has the latest forecast.
CBS New York's Lonnie Quinn has your First Alert Forecast for April 25 at 11 p.m.
In the first round of the NFL Draft on Thursday, the Giants selected WR Malik Nabers with the sixth overall pick, and the Jets took tackle Olu Fashanu with the 11th overall pick.
New York City will soon require warning labels for sugary foods and drinks at chain restaurants and coffee shops. Mayor Eric Adams approved the law last year, but the city's health department has now posted the requirements and set a public hearing for late May.