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.
CBS New York's Elle McLogan spoke with 90-year-old Sylvia Hack about her decades of service to her neighborhood.
The suspect in a Long Island car crash that killed one man and three children in August 2023 has agreed to a plea deal.
A large pro-Palestinian crowd gathered at Foley Square Wednesday evening, and police were spotted at a protest at Fordham University.
Three middle school girls are co-champions after winning the Under 14 division at the National Girls Chess Championship.
The Antisemitism Awareness Act is designed to make it easier for concerned students to file civil rights complaints
CBS New York's Elle McLogan spoke with 90-year-old Sylvia Hack about her decades of service to her neighborhood.
A large pro-Palestinian crowd gathered at Foley Square Wednesday evening, and police were spotted at a protest at Fordham University.
Three middle school girls are co-champions after winning the Under 14 division at the National Girls Chess Championship.
The Antisemitism Awareness Act is designed to make it easier for concerned students to file civil rights complaints
For years, the waters of the Bronx River have been used as a wasteland for people who might not understand its importance.
We're in for a taste of summer this afternoon, with highs in the mid-to-upper 80s inland. We're also tracking some isolated thunderstorms.
Temperatures will be off to the races on Sunday, but there is a chance of scattered thunderstorms in the evening.
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.
The Antisemitism Awareness Act is designed to make it easier for concerned students to file civil rights complaints
A 2.6 magnitude earthquake was measured Wednesday morning in Gladstone, New Jersey. It was the second there in less than a week.
Video released by New Jersey Transit police shows officers rescuing a 3-year-old who was choking on a bus in Trenton, New Jersey.
Rockaway Beach and Coney Island make Travel + Leisure's "25 Best Beaches in the USA" list.
We're in for a taste of summer this afternoon, with highs in the mid-to-upper 80s inland. We're also tracking some isolated thunderstorms.
The suspect in a Long Island car crash that killed one man and three children in August 2023 has agreed to a plea deal.
The Antisemitism Awareness Act is designed to make it easier for concerned students to file civil rights complaints
To counter congestion pricing, a 10% discount has been approved for LIRR, Metro-North riders who buy monthly passes.
Gruesome allegations say the suspects smashed one victim's head with a meat tenderizer, then stabbed the other and used the knife to chop up their bodies.
Millions of birds are migrating north this spring, but many may not survive the journey because they'll crash into windows.
The Antisemitism Awareness Act is designed to make it easier for concerned students to file civil rights complaints
Democratic state Sen. Timothy Kennedy won a special election for the New York congressional seat left vacant by Democrat Brian Higgins' departure from Congress.
The proposal would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than some other drugs.
Prosecutors in former President Donald Trump's criminal trial in New York called their fifth witness to the stand as proceedings continued Tuesday.
For the first time in more than 200 days, the family of 47-year-old Israeli hostage Omri Miran has seen proof of life.
Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that's rocked the company.
Vicky Dennis went to the hospital with strange symptoms when she had COVID. Doctors found she had two undiagnosed, life-threatening diseases and needed a liver transplant to survive.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
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.
Prosecutors asked for a September retrial for Harvey Weinstein.
See who's nominated for the 77th annual Tony Awards. The Tonys will air live on CBS and Paramount+ on Sunday, June 16.
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.
Actor Lillo Brancato says problems with drugs led to him going from Hollywood up and comer to behind bars.
Lawyers for Sean "Diddy" Combs are asking a New York court to throw out portions of a sexual assault lawsuit filed against the rapper and media mogul.
Tyrese Maxey saved Philadelphia from elimination with seven points in the final 25 seconds of regulation, finished with 46 and led the 76ers to a 112-106 overtime victory over the New York Knicks in Game 5 of their first-round series.
Jack Drury scored the go-ahead goal early in the third period and Stefan Noesen cleaned up a fluky puck bounce off the boards for another 8 seconds later as the Carolina Hurricanes beat the New York Islanders 6-3 on Tuesday night.
Dean Kremer pitched seven innings of two-run ball, Adley Rutschman extended his hitting streak to a career-best 11 games and the Baltimore Orioles defeated the New York Yankees 4-2 on Tuesday night.
DJ Stewart hit a tiebreaking three-run homer in the sixth inning to lift the New York Mets to a 4-2 win over the Chicago Cubs.
Christopher Morel's two-run homer in the ninth inning lifted the Cubs to a 3-1 win over the Mets on Monday.
CBS New York's Elle McLogan spoke with 90-year-old Sylvia Hack about her decades of service to her neighborhood.
Three middle school girls are co-champions after winning the Under 14 division at the National Girls Chess Championship.
For years, the waters of the Bronx River have been used as a wasteland for people who might not understand its importance.
Lawmakers want New York City to reinstate a ferry route that would connect Staten Island to Brooklyn.
The NYPD promoted 177 officers in a ceremony Friday, including two officers whose fathers were also in the NYPD and were shot in the line of duty.
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.
Gov. Kathy Hochul has signed new protections against retail theft into law as part of the 2025 state budget.
A suspect accused in a deadly botched robbery in Mount Vernon is now in custody after being on the run for more than six weeks. Ryan Rivera has been charged with murder and drug conspiracy.
A Kew Gardens local is being honored for serving 50 years on her community board. CBS New York's Elle McLogan spoke with Sylvia Hack about her decades of service to her neighborhood.
Treasures inside a Hudson Valley historic site were buried under plaster after a ceiling suddenly collapsed. Now, a meticulous effort is underway to fix the damage at the historic Boscobel in Putnam County. CBS New York's Tony Aiello takes us there.
CBS New York's Vanessa Murdock has the latest on what should be a decent weekend.