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 two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Two Highland residents were arrested in connection with a homicide in Moreno Valley in early November, according to Riverside County deputies.
Los Angeles Clippers star James Harden moved into 10th place on the NBA's career scoring list Saturday, passing Carmelo Anthony in a game against Minnesota.
Brandt Clarke scored twice to help Los Angeles break out of an offensive funk, Darcy Kuemper made 23 saves and the Kings beat the Chicago Blackhawks 6-0 on Saturday night to split a two-game set.
Naz Reid made a go-ahead 3-pointer with 13 seconds remaining, Jaden McDaniels scored 27 points and the Minnesota Timberwolves beat the Los Angeles Clippers 109-106 on Saturday night.
The two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Two Highland residents were arrested in connection with a homicide in Moreno Valley in early November, according to Riverside County deputies.
The crash happened at around 5:20 p.m. on Friday near Magnolia Avenue and Polk Street, according to a news release from the Riverside Police Department.
A trading card shop in Burbank reports that it was hit for more than $100,000 in stolen Pokémon and sports cards during an overnight burglary earlier this week.
Eric Dailey Jr. led all five UCLA starters in double figures with 18 points on 6-of-9 shooting and UCLA handed Oregon a 74-63 defeat.
A trading card shop in Burbank reports that it was hit for more than $100,000 in stolen Pokémon and sports cards during an overnight burglary earlier this week.
A group of 14 women, some of whom were inmates or former foster kids, became the first all-female class to graduate from an LA County firefighter training program.
Widely considered the greatest architect of his time, Frank Gehry helped shape Los Angeles' skyline.
A Riverside County man was sentenced to 15 years to life in prison for selling a lethal dose of fentanyl.
Private First-Class Tanner F. Rubio was inside a tactical vehicle when a mishap occurred during routine training.
Mark Ahrens and his son were singing Christmas carols when a speeding Tesla slammed into their minivan.
Officials said that the marine died from injuries sustained in a tactical vehicle mishap on Wednesday afternoon.
One person was declared dead at the scene of the crash, which happened just before 3 p.m. near Heil Avenue and Goldenwest Street, police said.
Marine veteran Tom Steen, who lost both legs to an illness, thanked his neighbors for helping his family get rid of the rats infesting his Irvine home.
A pair of earthquakes shook parts of Riverside County, near Idyllwild, on Thanksgiving Day.
The two-decade investigation began on March 21, 2004, when 18-year-old Hemet man Reynaldo Burts was found dead in the hills near Idyllwild.
Two Highland residents were arrested in connection with a homicide in Moreno Valley in early November, according to Riverside County deputies.
The crash happened at around 5:20 p.m. on Friday near Magnolia Avenue and Polk Street, according to a news release from the Riverside Police Department.
Police said that the driver dragged the stroller down the block, severely injuring a 3-month-old baby and a 3-year-old toddler.
A stolen vehicle pursuit ended after the suspect crashed into another car in Victorville.
Eric Dailey Jr. led all five UCLA starters in double figures with 18 points on 6-of-9 shooting and UCLA handed Oregon a 74-63 defeat.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
Lionel Messi and Inter Miami CF are Major League Soccer champions, defeating Vancouver Whitecaps FC 3-1 and earning their first MLS Cup title on Saturday.
FIFA released the World Cup schedule on Saturday that will feature 104 matches spread across 11 cities in the United States, with three in Mexico and two in Canada.
Michael Annett won the Xfinity Series' season-opening race at Daytona International Speedway in 2019.
"We're reviewing the process, and we'll see," Defense Secretary Pete Hegseth said. "Whatever we were to decide to release, we'd have to be very responsible about reviewing that right now."
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
California unveiled a new online portal on Wednesday for residents to report alleged misconduct by federal agents during operations to enforce immigration laws.
Democrats on the House Committee on Oversight and Government Reform released "never-before-seen" images of Jeffrey Epstein's private island.
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.
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.
Supervisors will vote on the ordinance again in two weeks, after a review period. If approved, it would bar the sale of kratom derivatives to people under 21 in Riverside County.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
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.
Tens of thousands of Kaiser Permanente nurses and health care workers across California are hitting the picket line Tuesday, as a five-day strike begins.
A charity that accepted donations of vehicles that would pay for breast cancer screenings for low-income patients agreed Thursday to pay a $3.8 million fine and to restrictions on future fundraising activities in 19 U.S. states, including Colorado.
Los Angeles Clippers star James Harden moved into 10th place on the NBA's career scoring list Saturday, passing Carmelo Anthony in a game against Minnesota.
Brandt Clarke scored twice to help Los Angeles break out of an offensive funk, Darcy Kuemper made 23 saves and the Kings beat the Chicago Blackhawks 6-0 on Saturday night to split a two-game set.
Naz Reid made a go-ahead 3-pointer with 13 seconds remaining, Jaden McDaniels scored 27 points and the Minnesota Timberwolves beat the Los Angeles Clippers 109-106 on Saturday night.
Washington rallied from an 18-point, first-half deficit to beat No. 24 Southern California 84-76.
Eric Dailey Jr. led all five UCLA starters in double figures with 18 points on 6-of-9 shooting and UCLA handed Oregon a 74-63 defeat.
President Trump presented medals to the 2025 Kennedy Center honorees during an Oval Office ceremony.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
It's unclear what caused the fire.
Lauren Pozen reports from Altadena, where, despite a devastating year for the community in the wake of the Eaton Fire, residents showed their resiliency and drive to rebuild with the annual Christmas Tree Lane lighting ceremony.
California Highway Patrol officers in Santa Clarita hosted a "Stuff A Bus" event as the CHiPs for KIDs toy drive continued over the weekend.
Marina Jurica takes a look at the levels of uncertainty that Californians can expect this winter.
It's unclear what caused the fire.
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.
