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.
As more women seek hormone replacement therapy, or HRT, the shortage of estrogen patches increases, forcing them to look for other options.
Lamont Ivan Russell, 55, was making a turn when he reversed into the 20-month-old girl and two others, police said.
The Pasadena Police Department identified the wounded officer as Bryan Vasquez.
The airport's police department said all officers were in fair condition.
Crude oil prices are surging due to the Iran war, pushing up prices at the pump across the U.S., according to AAA.
Lamont Ivan Russell, 55, was making a turn when he reversed into the 20-month-old girl and two others, police said.
The Pasadena Police Department identified the wounded officer as Bryan Vasquez.
The airport's police department said all officers were in fair condition.
Crude oil prices are surging due to the Iran war, pushing up prices at the pump across the U.S., according to AAA.
U.S. financial markets are rebounding after shedding more than 1,200 points in earlier trading on Tuesday.
As more women seek hormone replacement therapy, or HRT, the shortage of estrogen patches increases, forcing them to look for other options.
Cement from the truck was seen spread across several lanes.
Two people were found shot to death inside a home in Northridge on Monday night, according to the Los Angeles Police Department.
Despite being a day of joyful and colorful costume parties, some Purim celebrations in Los Angeles were a balance of hope and fear on Monday evening for many Jewish-Iranian Angelenos.
The Pasadena Police Department officer was taken to the hospital in an unknown condition.
The 32-year-old DJ is accused of raping a 17-year-old girl while she was unconscious.
The FBI's week-long investigation into "suspicious materials" found at an Irvine home stems from a college student's science project, his family's attorney said.
The Big Bear bald eagles have another clutch of eggs after losing their initial set earlier this season.
Rudy Martinez's family is demanding justice, saying their 36-year-old relative was shot and killed by an Anaheim police officer.
The National Guard's Weapons of Mass Destruction Civil Support Team works with local agencies during hazardous material investigations.
The Inland Empire is abuzz with excitement as the Dodgers' newest minor league baseball affiliate, the Ontario Tower Buzzers, get set to take the field in their brand new stadium for their inaugural season.
The fundraising effort came after Cal Baptist University announced that the men's wrestling, golf and swimming and diving teams would be cut.
Deputies say that the suspect fired at a moving vehicle in the 25000 block of Florida Avenue at around 7:20 p.m. Wednesday. No one was struck by gunfire.
The Big Bear bald eagles have another clutch of eggs after losing their initial set earlier this season.
The crash happened at around 5 a.m. on southbound lanes of the 215 freeway near Central Avenue, according to a news release from the California Highway Patrol.
Crude oil prices are surging due to the Iran war, pushing up prices at the pump across the U.S., according to AAA.
U.S. financial markets are rebounding after shedding more than 1,200 points in earlier trading on Tuesday.
The Supreme Court order blocks for now a California law that bans automatic parental notification requirements if students change their pronouns or gender expression at school.
The House Oversight Committee released recordings of last week's depositions with former President Bill Clinton and former Secretary of State Hillary Clinton.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
The Supreme Court order blocks for now a California law that bans automatic parental notification requirements if students change their pronouns or gender expression at school.
The House Oversight Committee released recordings of last week's depositions with former President Bill Clinton and former Secretary of State Hillary Clinton.
The Pentagon announced Monday that six American service members have been killed in Operation Epic Fury.
For the second day in a row, thousands of people took to the streets of Los Angeles to express their hopes for freedom after the death of Iran's longtime leader, Ayatollah Ali Khamenei, who was killed when the U.S. and Israel launched a joint air strike on Iran.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
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.
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.
Health officials say that an unvaccinated minor visited the Walmart Supercenter in Ontario on Jan. 29.
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.
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.
California is set to join a growing list of states banning the practice of cat declawing, under a new law taking effect in January.
Devon Toews scored the tiebreaking goal late in the third period, Martin Necas added an empty-netter to go with two assists, and the Colorado Avalanche defeated the Los Angeles Kings 4-2.
Kawhi Leonard had 23 points, eight rebounds and four assists, and the Los Angeles Clippers erased a 17-point deficit to beat the short-handed Golden State Warriors 114-101.
Luka Doncic had 28 points and nine assists, LeBron James added 24 points and the Los Angeles Lakers finished a back-to-back set with a 128-104 victory over the Sacramento Kings.
Cutter Gauthier scored twice in regulation, Leo Carlsson and Mason McTavish both converted in the shootout, and the Anaheim Ducks beat the Calgary Flames 3-2.
Kawhi Leonard scored 23 points and the Los Angeles Clippers beat the New Orleans Pelicans 137-117 on Sunday night to end a three-game losing streak.
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.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
A surge in demand for hormone replacement therapy has caused a shortage in estrogen patches. Many women who are unable to get the patches are being forced to turn to other options to find relief.
Negin Ghaffari, City of Calabasas commissioner, shares her family story, leaving Iran and coming to the U.S. at 8 years old in 1982. She also talks about unified gratitude to President Trump for intervening, helping the people of Iran.
Colleen McClain, Pew Research Center senior researcher, discusses AI technology and schoolwork.
March is Endometriosis Awareness Month, an opportunity for women to understand the condition, symptoms and potential treatment.
Andrew Borene, Senior Fellow, National Security Institute; former senior intelligence official, discusses the history of Iran-U.S. relations.
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.
