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.
Two people were arrested in connection with a deadly shooting in early January that left a 32-year-old man dead near the Union Pacific Railroad tracks in Long Beach, police said on Friday.
Janina Akporavbare recalls the day when she thought she was going to die. It was August 25, when she was driving on the westbound lanes of the 10 Freeway, near the Tippecanoe exit.
Left-hander Brent Suter and the Los Angeles Angels have finalized a $1.25 million, one-year contract.
Yasiel Puig was convicted of obstruction of justice and making false statements to federal investigators. He is due for sentencing in May.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Two people were arrested in connection with a deadly shooting in early January that left a 32-year-old man dead near the Union Pacific Railroad tracks in Long Beach, police said on Friday.
Janina Akporavbare recalls the day when she thought she was going to die. It was August 25, when she was driving on the westbound lanes of the 10 Freeway, near the Tippecanoe exit.
Yasiel Puig was convicted of obstruction of justice and making false statements to federal investigators. He is due for sentencing in May.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Actor Timothy Busfield has been indicted on four counts of criminal sexual contact of a child, officials said Friday.
Two people were arrested in connection with a deadly shooting in early January that left a 32-year-old man dead near the Union Pacific Railroad tracks in Long Beach, police said on Friday.
Janina Akporavbare recalls the day when she thought she was going to die. It was August 25, when she was driving on the westbound lanes of the 10 Freeway, near the Tippecanoe exit.
Yasiel Puig was convicted of obstruction of justice and making false statements to federal investigators. He is due for sentencing in May.
Aerial footage of Herbert Hoover High School and Van Nuys City Hall showed crowds of students marching in the street holding signs and flags.
Neighbors say that the grandfather and his granddaughter were on their way to school when they were attacked by their next-door neighbor.
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.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Anaheim police arrested a teen connected to a group of smash-and-grab robbers who purposefully rammed an SUV into an Anaheim jewelry store before crashing their getaway cars during a pursuit last month.
Fullerton's police chief denied allegations that his officers helped federal agents during a recent immigration operation.
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.
A 19-year-old man was arrested for murder on Monday, weeks after a 63-year-old man was found dead from traumatic injuries in Riverside County in January.
Dozens of people gathered on Tuesday to protest a possible change coming to Rancho Springs Hospital in Murrieta, where officials are considering ending their midwifery program.
The Santa Ana winds will affect the valleys, mountains and inland areas of Los Angeles and Orange Counties, as well as much of the Inland Empire.
Actor Timothy Busfield has been indicted on four counts of criminal sexual contact of a child, officials said Friday.
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.
Newly released documents from the Epstein files raise more questions about activity seen on video from the jail the night he died.
Investigators have no proof that the missing mother of "Today" show host Savannah Guthrie is still alive but are holding out hope she is "still out there," the sheriff said.
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.
Newly released documents from the Epstein files raise more questions about activity seen on video from the jail the night he died.
President Trump said he is directing all federal law enforcement to be at the "complete disposal" of Savannah Guthrie's family as the search continues for her mother, Nancy Guthrie.
The Supreme Court declined to block California's new congressional map that could net Democrats five seats in the upcoming midterm elections.
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.
Left-hander Brent Suter and the Los Angeles Angels have finalized a $1.25 million, one-year contract.
Yasiel Puig was convicted of obstruction of justice and making false statements to federal investigators. He is due for sentencing in May.
Don't miss the 2026 Winter Olympics opening ceremony. Here's how to watch live, stream for free and catch replays.
This is what you need to know about when the 2026 Milano Cortina Winter Olympics start and end, along with key games and events on the schedule.
Los Angeles Rams quarterback Matthew Stafford was named the NFL MVP, just edging out four other candidates that included New England Patriots quarterback Drake Maye and Buffalo Bills quarterback Josh Allen, last year's MVP.
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.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
Police said that the man was armed with an air rifle, which was recovered from the scene after he was fatally shot on Thursday morning.
After losing her dream home in the Palisades Fire last January, one woman decided to rebuild, but in a unique fashion. Rina Nakano reports.
Michele Gile reports from Laguna Beach, where city leaders are mulling the potential ban of pop-up shade structures over safety concerns to the public.
Janina Akporavbare recalls the day when she thought she was going to die. It was August 25, when she was driving on the westbound lanes of the 10 Freeway, near the Tippecanoe exit. Joy Benedict reports.
Former Los Angeles Dodgers outfielder Yasiel Puig faces up to 15 years in prison after he was convicted Friday of federal charges in an illegal sports gambling case.
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.
