California projected to face $18B deficit as Newsom heads into his last year as governor
California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.
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California will face a projected $18 billion deficit next year, according to a report by the nonpartisan Legislative Analyst's Office.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
California Gov. Gavin Newsom suggested withholding the state's taxes amid reports the Trump administration may cut funding for the state's universities.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
The Los Angeles Dodgers topped a record nine teams owing Major League Baseball's luxury tax this year with an unprecedented $103 million penalty.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
California has a budget deficit of $27.6 billion, Gov. Gavin Newsom announced Friday — a gap so wide that he's proposing cutting 10,000 vacant state jobs and suspending some widely used business tax deductions.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
Filing tax returns can be a slog, but the majority of individual federal taxes are paid by a small slice of Americans.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
The Democratic-controlled House Ways and Means Committee released six years of former President Donald Trump's tax returns, ending Trump's years-long legal battle to keep them secret. Meanwhile, the Jan. 6 committee has released another round of witness transcripts. Scott MacFarlane reports.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
After a long legal fight, a House panel investigating the former president on Friday released new details of his tax returns.
Anyone getting paid for their goods and services through apps like Venmo or Etsy just got a reprieve from the Internal Revenue Service.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Monday marks the deadline for Angelenos to get their taxes filed or request an extension. Kara Finnstrom reports.
Mark Steber, Chief Tax Information Officer of Jackson Hewitt, joined the studio to discuss tax season, the looming deadline to pay taxes, and how to avoid all the potential penalties if you're rushing to file your own taxes before Monday's deadline.
Real estate developer Rick Caruso said he paid more than $1.6 million in personal income taxes over the last five years, but he will not release his full tax returns.
Lauren Betts had 16 points, 16 rebounds, five assists and three blocks to help No. 2 UCLA hold off No. 8 Michigan for a 69-66 win on Sunday.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The man in his 50s died after suffering from medical distress in a remote location, authorities said.
Alijah Arenas scored 11 of his 24 points in the final four minutes, including the go-ahead basket with 0.7 seconds left, to help USC beat Penn State 77-75.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
The man in his 50s died after suffering from medical distress in a remote location, authorities said.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
At least one person was transported to a local hospital with unspecified injuries.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
A Los Feliz family is hoping to raise enough money to replace an adaptive tricycle that was stolen from their son, who has Down syndrome and autism.
California wildlife officials say that the wolf, which was born in Plumas County north of Lake Tahoe, traversed through the Sierra Nevada and was detected northwest of Lancaster early Saturday.
The family says that they received two tickets from Los Angeles County Parking Enforcement this week, despite having lived in the same situation since last January when their home was damaged in the Eaton Fire.
Surveillance video footage captured the moments that an alleged burglar broke through the roof of a Woodland Hills jewelry store before taking off with approximately $100k in merchandise, owners say.
Multiple people were injured when a car that was on fire crashed into the Deloitte building in Manhattan Beach on Saturday night.
The shooting happened at around 3:50 p.m. near W. McFadden Avenue and Graham Street, according to Santa Ana police.
Orange County officials confirm second measles case in Disneyland visitor
Laguna Beach city leaders are mulling a proposal that would ban large pop-up shade structures on the sand to protect the safety of beachgoers.
A diver swimming under the waves along the Laguna Beach coast has formed an unlikely bond with a young white seal.
An Orange County landfill has been cited for foul odors after Irvine neighbors complained about the stinky smell.
Deputies say that the suspect had run from the spot of a hit-and-run crash before they tried to take him into custody.
An unlicensed 15-year-old driver crashed into a motorcyclist on Friday morning in the midst of a school walkout against federal immigration operations across the country.
A motorcyclist who was fleeing from Riverside County Sheriff's Office deputies died after crashing into an uninvolved car at a Perris intersection on Thursday afternoon.
The California Highway Patrol closed one lane of the southbound I-15 Freeway near Eastvale after a dump truck crashed its trailer into an overpass.
Riverside County installed a new camera system on the 91 Freeway to crack down on carpool lane violators.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
More than 35 local, state and federal agencies have been working for the last 18 months to prepare for Super Bowl LX in Santa Clara, California.
Actor Timothy Busfield has been indicted on four counts of criminal sexual contact of a child, officials said Friday.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
Skier Chris Lillis said he was "heartbroken about what's happened in the United States," while skater Amber Glenn said she "will not just be quiet."
President Trump late Friday addressed a video posted to his social media account that included a racist depiction of Barack and Michelle Obama as apes, telling reporters he didn't see the part that showed the former president and first lady.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The FBI has arrested "one of the key participants" behind the attack on U.S. facilities in Benghazi, Libya, in 2012 that killed four Americans.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
A bill that would reverse a 25% tax increase on California's legal cannabis industry is heading to Gov. Gavin Newsom's desk, after being approved by the legislature.
Meal kit delivery firm HelloFresh will pay $7.5 million to settle a lawsuit accusing it of misleading customers and making it difficult for them to cancel their subscriptions.
With the help of her daughter and her 5th-grade class, CBS News California (KCAL) Investigative reporter Julie Watts investigates "Sephora Kids" concerns.
A Southern California man has pleaded guilty for his role in a scheme that stole more than $2 million from San Francisco-based food delivery company DoorDash, federal prosecutors said.
Health officials said that the traveler arrived at LAX's Tom Bradley International Airport Terminal on a Viva Aerobus Flight on Jan. 26.
Orange County health officials have confirmed their second measles case of 2026 in an international traveler who arrived in California at Los Angeles International Airport before visiting Disneyland and California Adventure last week.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
The Fremont factory will still manufacture Model 3 and Y, but the space where Model S and X are made will instead focus on mass production of Tesla's Gen 3 Optimus robots.
About 30% of San Francisco was without power at the height of the outage, according to utility provider PG&E.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
San Francisco officials said Tuesday that the city has filed a lawsuit against leading manufacturers of ultra-processed foods, accusing them of producing products linked to serious health issues and alleging that the companies knowingly made the foods addictive.
Lauren Betts had 16 points, 16 rebounds, five assists and three blocks to help No. 2 UCLA hold off No. 8 Michigan for a 69-66 win on Sunday.
Team USA defended its Olympic figure skating team event gold medal on Sunday after Ilia "Quad God" ushered the team to victory at the Milan Cortina 2026 Winter Olympics.
Alijah Arenas scored 11 of his 24 points in the final four minutes, including the go-ahead basket with 0.7 seconds left, to help USC beat Penn State 77-75.
President Trump criticized Team USA freestyle skier Hunter Hess after he and other American athletes at the 2026 Winter Olympics shared their thoughts on U.S. politics.
Lindsey Vonn, who came out of retirement to compete in the Milano Cortina Games, is in stable condition after her crash.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Josh D'Amaro, who oversees Disney theme parks and dozens of resort hotels worldwide, will become the next Disney CEO.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Entertaining contributor Paul Zahn features some inspiration for gifts to give to your valentine.
At least one person was injured after a DUI suspect led police on a pursuit in Los Angeles. Alys Martinez reports.
A warm Sunday is in store for Sunday in Southern California, although rain chances return later in the week. Paul Deanno reports.
A Los Feliz family is hoping to raise enough money to replace an adaptive tricycle that was stolen from their 9-year-old son Jack, who has Down syndrome and autism.
Multiple people were injured when a car that was engulfed in flames crashed into the Deloitte building in Manhattan Beach on Saturday night.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Franklin Fire in Malibu quickly grew overnight and threatened several homes. Evacuation orders were issued and Pepperdine University instructed students to shelter in place.
Several people have been injured and multiple homes burned after the Mountain Fire broke out Wednesday morning in Ventura County, burning over 10,000 acres within hours.
