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.
The New Jersey Devils edged the Los Angeles Kings 6-4 on Saturday night.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
A $50,000 reward has been offered for information that helps lead Los Angeles Police Department detectives to the arrest of a suspect wanted in the 2019 killing of a man in Koreatown.
Investigators say that the foster father, a 57-year-old man from Perris, allegedly molested and sexually assaulted two children over 10 years.
A mountain lion was spotted in a tree in the 800 block of Ebony Drive on Friday night, according to police. At around 4 a.m., they said that the big cat had moved on from the area and that its location was unknown.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
A $50,000 reward has been offered for information that helps lead Los Angeles Police Department detectives to the arrest of a suspect wanted in the 2019 killing of a man in Koreatown.
Just months remain until the California gubernatorial election, and CBS California is teaming up with local organizations for a live debate with the race's top candidates.
Investigators say that the foster father, a 57-year-old man from Perris, allegedly molested and sexually assaulted two children over 10 years.
A mountain lion was spotted in a tree in the 800 block of Ebony Drive on Friday night, according to police. At around 4 a.m., they said that the big cat had moved on from the area and that its location was unknown.
A $50,000 reward has been offered for information that helps lead Los Angeles Police Department detectives to the arrest of a suspect wanted in the 2019 killing of a man in Koreatown.
A mountain lion was spotted in a tree in the 800 block of Ebony Drive on Friday night, according to police. At around 4 a.m., they said that the big cat had moved on from the area and that its location was unknown.
The 5 Freeway near East LA was closed after a pursuit suspect stopped in the middle lanes.
Two LAPD officers assigned to the agency's Newton Division were charged with unemployment insurance fraud
The Los Angeles Fire Department said the victim was in an unknown condition.
A Seal Beach woman in her 70s was hospitalized after she was hit by a young man on an electric motorcycle.
Investigators said Jose Angel Aguilar cut off his ankle monitor and escaped while attending classes at an Orange County community college.
Two new polls have conservative commentator Steve Hilton, billionaire Tom Steyer and Rep. Eric Swalwell as the front-runners for California governor.
Authorities are seeking more victims of a rideshare driver who allegedly sexually assaulted a passenger in Orange County last month.
An Orange County man died after being bitten by a rattlesnake while mountain biking at an Irvine trail.
Investigators say that the foster father, a 57-year-old man from Perris, allegedly molested and sexually assaulted two children over 10 years.
Murrieta police arrested a Riverside County couple for a fire that killed two of their daughters last December.
A man's attempt at stealing a woman's purse outside of a Banning grocery store was thwarted by good Samaritans last week, according to police.
A multi-agency investigation in Southern California uncovered a stash of stolen luxury goods worth more than $6 million.
The Highland Senior Center is concerned with its unreliable air conditioning system as a potentially record-breaking heat wave hits San Bernardino County.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
The suspect, who was killed following the shooting, had previously been imprisoned for several years for trying to support ISIS, the FBI said.
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Authorities say a Florida woman has been charged with attempted murder and other felonies over gunshots fired at Rihanna's Los Angeles home last weekend.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
President Trump alleged that Iran is "totally defeated and wants a deal," but not one he "would accept."
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
President Trump told FIFA representatives Tuesday that Iran is welcome to play in the World Cup tournament in the United States, officials told CBS News.
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.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
Riverside County health officials have reported the second and third measles cases of the year, which they say could be connected to the county's first case that was reported last week.
A nonprofit that booked a Social Agent said it's a lot cheaper than hiring someone to do their social media full-time. A typical job runs about $200, with same-day delivery, and if clients already have footage, they can upload it and get a finished piece.
A California judge has tentatively stopped the state from canceling commercial licenses for more than 20,000 immigrant truck drivers.
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.
The New Jersey Devils edged the Los Angeles Kings 6-4 on Saturday night.
Oscar Cluff had 17 points and 14 rebounds, and No. 18 Purdue beat short-handed UCLA 73-66 to advance to the Big Ten championship game.
Linus Ullmark made 23 saves for his second shutout of the season and the Ottawa Senators blanked the Anaheim Ducks 2-0.
Kawhi Leonard scored 28 points, Bennedict Mathurin had 26 and the Los Angeles Clippers extended their winning streak to four games with a 119-108 victory over the Chicago Bulls on Friday night.
Donovan Dent had 23 points and 12 assists, Trent Perry scored 22 and UCLA held off No. 8 Michigan State 88-84 in the Big Ten Tournament quarterfinals despite losing star Tyler Bilodeau to a leg injury.
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Authorities say a Florida woman has been charged with attempted murder and other felonies over gunshots fired at Rihanna's Los Angeles home last weekend.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Along with the "True Lies" co-stars, the California Hall of Fame's new inductees will include Olympians Carl Lewis and Janet Evans and Mariachi Reyna de Los Ángeles.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
Gas prices in California are climbing dramatically as the War in Iran continues. Alys Martinez reports.
Volunteers took to Skid Row on Saturday to honor the late Shirley "Beauty2TheStreetz" Raines by doing what she did best - feeding the needy. Alys Martinez reports.
Regarding Her is a national nonprofit dedicated to accelerating the growth of women entrepreneurs in food and beverage. Member Paige Murtaugh of Hot Peach Provisions is hosting a one-night-only live-fire dinner at Chainsaw in Echo Park during the Women's History Month Festival. She shows off some of the offerings on CBS LA.
Somehow, someway, Central Altadena Little League carried on with its season even after 90% of its families were affected by the Eaton Fire. "Going For Home" explores the hope provided by the local baseball league.
The weekend will offer a quick break from extreme heat, but a strong heat wave looms for Southern California. Chloe Carlson reports.
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.
