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.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
"Sitting in traffic on the 405 is not our only choice anymore," LA Councilmember Nithya Raman said, as she and others gathered Wednesday to urge the Metro Board to move the Sepulveda Transit Corridor Project forward.
When reached for comment, Beutner told CBS LA, "My family has experienced the unimaginable loss of our beloved daughter. We ask for privacy and your prayers at this time."
The highest chance of rain in Los Angeles and Ventura counties will be on Thursday morning through the evening, with some showers lingering into Friday morning.
When officers arrived at the home, they found a woman dead inside from blunt force trauma.
A CBP officer suffered unspecified injuries, according to the Department of Homeland Security.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
"Sitting in traffic on the 405 is not our only choice anymore," LA Councilmember Nithya Raman said, as she and others gathered Wednesday to urge the Metro Board to move the Sepulveda Transit Corridor Project forward.
When reached for comment, Beutner told CBS LA, "My family has experienced the unimaginable loss of our beloved daughter. We ask for privacy and your prayers at this time."
The highest chance of rain in Los Angeles and Ventura counties will be on Thursday morning through the evening, with some showers lingering into Friday morning.
"Sitting in traffic on the 405 is not our only choice anymore," LA Councilmember Nithya Raman said, as she and others gathered Wednesday to urge the Metro Board to move the Sepulveda Transit Corridor Project forward.
The highest chance of rain in Los Angeles and Ventura counties will be on Thursday morning through the evening, with some showers lingering into Friday morning.
When officers arrived at the home, they found a woman dead inside from blunt force trauma.
According to the Los Angeles Police Department, the men entered through the back of the house.
An infestation of mosquitoes in one El Segundo neighborhood has created a months-long nightmare for residents, who are hopeful that mitigation efforts from Los Angeles County leaders will finally make a difference.
The shooting happened at around 11:30 p.m. at a home in the 4500 block of Scenario Drive, police said.
After several 7-Eleven stores were targeted by robbers overnight in Los Angeles and Orange counties, authorities are working to investigate if the incidents are connected.
Huntington Beach city officials on Sunday issued a warning to the public due to increased stingray activity along the shoreline in recent days.
Federal prosecutors charged a man who allegedly threatened to kill Vice President JD Vance during his Disneyland trip last year.
An Orange County man has been posting social media videos of car crashes in front of his house to hopefully spur safety changes at his Huntington Beach intersection.
A Corona family is outraged after learning that the hit-and-run driver who killed their son in 2020 is being released less than three years into her nine-year sentence.
Friends and family of 14-year-old Jeremy "Tank" Rosales, the boy who was fatally shot in Victorville last week, gathered on Monday to hold a candlelight vigil for their loved one.
A 4.9-magnitude earthquake and several aftershocks rattled the Inland Empire on Monday night, according to the United States Geological Survey.
San Bernardino County homicide investigators are searching for the gunman who allegedly shot and killed a 14-year-old boy in Victorville last week.
Ranchers in Chino Hills are voicing their frustrations over the potential dangers facing an animal sanctuary after a viral social media video led to a sudden explosion in popularity for the hiking trail nearby.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
After returning to Joint Base Andrews, President Trump departed for Davos about one hour later aboard a second aircraft.
A judge has ordered that actor Timothy Busfield be released from jail during a detention hearing on child sex abuse charges.
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
The streaming service is sweetening its offer amid Paramount Skydance's hostile takeover bid for the Hollywood studio.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
After returning to Joint Base Andrews, President Trump departed for Davos about one hour later aboard a second aircraft.
President Trump has reshaped America's approach to foreign policy, pressured political enemies, downsized the federal workforce and prioritized deportations his first year in office.
A U.S. defense official confirmed some 1,500 active-duty soldiers, currently stationed in Alaska, are on standby for possible deployment to Minneapolis amid the city's protests.
DHS Secretary Kristi Noem defended ongoing immigration operations in Minnesota, and said a federal judge's order limiting the tactics federal agents can use "didn't change anything."
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.
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.
In an interview with CBS News, FDA Commissioner Dr. Marty Makary explains what went into the decision to drop the most serious warnings on hormone therapy for menopause.
At least 11 people have contracted Salmonella linked to powder supplements sold at Sam's Club stores nationwide, health authorities said.
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.
Waymo has begun offering autonomous robotaxi service using freeways for the first time in select cities in California and Arizona, the company announced.
Kevin Fiala had a goal and an assist, and Anton Forsberg made 28 saves after taking over for injured Darcy Kuemper in the Los Angeles Kings' 4-3 victory over the slumping New York Rangers.
Luka Doncic had 38 points, 13 rebounds and 10 assists, and the Los Angeles Lakers rallied to beat the Denver Nuggets 115-107 on Tuesday night.
Tyler Bilodeau hit a go-ahead 3-pointer with eight seconds left, leading UCLA to a 69-67 win over No. 4 Purdue.
Matas Buzelis added 21 points, Ayo Dosunmu scored 18, and Kevin Huerter added 14. All three players made four 3s.
Carlos Beltrán was a nine-time All-Star during his 20-year MLB career. Andruw Jones was a five-time All-Star and won 10 Gold Gloves.
A judge has ordered that actor Timothy Busfield be released from jail during a detention hearing on child sex abuse charges.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Alex Biston tours the historic Bradbury Building in Downtown LA. The 5-story Victorian-style building is known for its ornate iron railings, glass ceiling and open cage elevators. It's the oldest commercial building still standing in central LA and has been featured in numerous films.
Georgia’s Restaurant previews the weeklong celebration of food, culture, and community.
An officer with the Department of Homeland Security fired shots at a man in Los Angeles County on Wednesday morning, and the man was later taken into custody, according to the department. Rick Montanez reports.
Emily Longeretta, Variety senior TV features editor, discusses entertainment news highlights: Golden Globe awards show viewership, and Beckham family fallout.
Dr. Ian Smith discusses the super flu, and his new health-focused book “The Last 15.”
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.
