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.
A GoFundMe has raised $13,000 for the owners of Monrovia's Burger Basket after burglars stole the elderly couple's life savings.
Three people, including two pedestrians, were hospitalized with serious injuries after a crash in the San Fernando Valley.
The 432-square-foot home sits on an 8,500-square-foot lot, and real estate agent Garrett Rau says the real value is the land, so the asking price is a reflection of that.
With the 2026 FIFA World Cup a couple of months away, the union representing the 2,000 workers at SoFi Stadium is threatening a strike over working conditions and ICE.
Mayor Karen Bass said LAPD will increase patrols and presence along the San Fernando Valley's Ventura Boulevard after a recent string of burglaries.
A GoFundMe has raised $13,000 for the owners of Monrovia's Burger Basket after burglars stole the elderly couple's life savings.
Three people, including two pedestrians, were hospitalized with serious injuries after a crash in the San Fernando Valley.
With the 2026 FIFA World Cup a couple of months away, the union representing the 2,000 workers at SoFi Stadium is threatening a strike over working conditions and ICE.
The iconic Long Beach street race is one of the most technical and beloved circuits in motorsports, where speeds push nearly 200 mph.
Mayor Karen Bass said LAPD will increase patrols and presence along the San Fernando Valley's Ventura Boulevard after a recent string of burglaries.
A GoFundMe has raised $13,000 for the owners of Monrovia's Burger Basket after burglars stole the elderly couple's life savings.
Three people, including two pedestrians, were hospitalized with serious injuries after a crash in the San Fernando Valley.
The 432-square-foot home sits on an 8,500-square-foot lot, and real estate agent Garrett Rau says the real value is the land, so the asking price is a reflection of that.
With the 2026 FIFA World Cup a couple of months away, the union representing the 2,000 workers at SoFi Stadium is threatening a strike over working conditions and ICE.
Mayor Karen Bass said LAPD will increase patrols and presence along the San Fernando Valley's Ventura Boulevard after a recent string of burglaries.
After polling around 3% last month, former state attorney general Xavier Becerra jumped to 10% after Eric Swalwell dropped out of the California governor's race.
Irvine police said the man allegedly replaced expensive Lego sets with pasta before returning them to the store.
Fillmore, a 3-year-old German Shorthaired Pointer, is being praised as a hero after he alerted his family to a fire raging in their Orange County garage.
Since closing last year, Westminster Mall has been a headache for police, who've responded to hundreds of calls about vandalism.
John Eastman, Chapman Law School's former dean, lost his law license after he allegedly helped President Trump try to overturn the 2020 election results in Georgia.
After polling around 3% last month, former state attorney general Xavier Becerra jumped to 10% after Eric Swalwell dropped out of the California governor's race.
A California State University, Long Beach student is suing the school and his former fraternity for a deadly crash that happened near Temecula in 2025, which left him with severe injuries and one of his best friends dead.
Nearly 500 ducks that were seized from an illegal animal sanctuary in Riverside County were up for adoption on Wednesday.
The Springs Fire came dangerously close to destroying Moreno Valley's only 18-hole public golf course in early April, fueled by strong winds and dry weather.
Evacuation orders and warnings were issued for one Jurupa Valley neighborhood on Wednesday afternoon after a brushfire broke out behind several homes.
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
The lawsuit involved dozens of states that alleged Live Nation undermined competition and drove up ticket prices.
The sneaker maker is selling its footwear assets and rebranding as "NewBird AI," betting on booming demand for AI computing power.
After polling around 3% last month, former state attorney general Xavier Becerra jumped to 10% after Eric Swalwell dropped out of the California governor's race.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
House Democrats introduced articles of impeachment against Defense Secretary Pete Hegseth, claiming he has "demonstrated a willful disregard for the Constitution."
The California Hispanic Chamber of Commerce hosted the first gubernatorial candidate forum since the fallout from the Eric Swalwell scandal, bringing six candidates together in a packed Sacramento ballroom.
California Gov. Gavin Newsom on Tuesday set the date for a special election to fill Eric Swalwell's congressional seat after his resignation following multiple sexual assault allegations.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
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.
An unlicensed cosmetologist from Florida has been found guilty in a California court for providing an injection that killed a model who was known as a Kim Kardashian lookalike, prosecutors said.
LA County public health officials issued a bacteria warning at several beaches as a potentially record-breaking heat wave arrives in Southern California.
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.
California Attorney General Rob Bonta and local prosecutors urged parents to check their children's e-bikes, saying some of the vehicles may be motorcycles or mopeds capable of high speeds.
A home-based food movement has been heating up in California, with home cooks turning their beloved family recipes into small businesses.
More than a dozen cities and counties across California were given a "final warning" from state officials Wednesday, saying they have failed to properly plan for additional new homes amid the state's lack of affordable housing.
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 Angels will wear a memorial patch this season bearing Garret Anderson's initials, the team announced.
Mike Trout homered for the fifth time during a four-game series on Thursday, crushing a long drive in the seventh inning for the Angels in an 11-4 victory over the Yankees.
Portuguese striker Joao Dias Fernandes Paulinho scored two goals in a six-minute span in the second half as Toluca FC cruised to a 3-0 victory on Wednesday over LA Galaxy to advance to the semifinals.
Stephen Curry scored 27 of his 35 points in the second half, Al Horford hit four 3-pointers during Golden State's electrifying fourth-quarter comeback and the Warriors advanced in the NBA's play-in tournament with a 126-121 victory over the Los Angeles Clippers.
Shohei Ohtani pitched six strong innings, striking out 10, as the Los Angeles Dodgers routed the New York Mets 8-2.
The Hollywood Chamber of Commerce hopes to boost LA's film industry after an uptick in moviegoers returning to theaters.
Nearly 100 people were arrested during the first weekend of the 2026 Coachella Music and Arts Festival, according to the Indio Police Department.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
The Pitt star Noah Wyle is the newest name on the Hollywood Walk of Fame, and the Pittsburgh-based show is a big reason why.
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
The owners of a beloved Monrovia burger joint are asking for help after thieves broke into their home and stole their entire life savings of $140,000. Nicole Comstock reports.
Desmond Shaw flies to the La Mirada Community Regional Park for tonight's Look At This!
The family of 24-year-old Carly Howard and prosecutors that tried the case were outraged after the court suspended the prison sentence against the DUI driver that killed her.
USC researchers said they found many younger patients that were eating healthier than average with more fruits, vegetables and whole grains were more likely to develop lung cancer. Hunter Sowards reports.
Los Angeles City Council members criticized the LA28 Olympic Committee for a lack of financial transparency. Hunter Sowards 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.
