IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
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2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
After years of abject performance, the tax agency is finally making significant strides — no, really.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Taxes for older Americans can be complicated — here's what to keep in mind as the April 18 filing deadline nears.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
TurboTax, the country's most popular do-it-yourself tax preparation software, said Friday that it has temporarily stopped processing state tax returns because of an increase in fraudulent filings.
The IRS keeps asking for their 2010 taxes and the couple keeps sending the paperwork in. Now they're at risk of losing the credit for the $920 dollars they paid Uncle Sam that tax year.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
The Internal Revenue Service is moving to seize 23 properties, including vacation homes in Lake Tahoe and Maui, as part of an investigation into fraudulent billing practices against a casino-operating Indian tribe in Northern California.
The chief executive of a New York payroll company has been sentenced to 6 1/2 years in federal prison for stealing $17 million from Sacramento County and another $3 million from two corporate clients.
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
The suspect drove through the doors of a JCPenny in Killeen, Texas, and continued inside for "several hundred yards," an official said.
LeBron James had 32 points and the Los Angeles Lakers beat the Sacramento Kings 103-99 to sweep a two-game set.
Sacramento State announced it hired UNLV's offensive coordinator Brennan Marion as the school's next head coach.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
A homicide investigation is underway after the death of a young child near Antelope on Friday morning.
A 14-year-old boy involved in a crash that killed his mother, father and sister in Turlock on Sunday has died, according to the family.
Officers are investigating after a freeway shooting in Sacramento on Friday morning.
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
For the first time ever, the X Games will call Sacramento home and will be held in the city from 2025 through 2027, officials announced Thursday.
Sacramento police say of the city's 6,000-plus meters, more than 1,300 have been damaged in the past three months.
A number of prominent Sacramentans have called the place home.
One family from South America is making Sacramento their new home thanks to United Way's literacy tutoring program.
A husband and wife were left in critical condition following a house fire in Sacramento, officials said Tuesday.
A new program at UC Merced is preparing students for a career in cannabis, one of the fastest-growing industries in California.
Two California members of the Aryan Brotherhood prison gang were sentenced to consecutive life terms in prison for murder, racketeering and other crimes committed while incarcerated in a Sacramento-area prison.
An 8-month-old girl died and three adults were injured in a crash in California's Central Valley on Tuesday night, the California Highway Patrol said.
The U.S. Environmental Protection Agency on Wednesday granted California its request to enforce vehicle emissions standards stricter than federal rules, including the state's ban on sales of new gasoline-powered cars.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
LeBron James had 32 points and the Los Angeles Lakers beat the Sacramento Kings 103-99 to sweep a two-game set.
Sacramento State announced it hired UNLV's offensive coordinator Brennan Marion as the school's next head coach.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Third baseman Gio Urshela has reached an agreement on a one-year contract with the Athletics ahead of the team's first season in West Sacramento, according to a person with direct knowledge of the negotiations.
LeBron James had 19 points, six rebounds and seven assists while breaking the NBA record for regular-season minutes, helping the Los Angeles beat the Sacramento Kings 113-100 on Thursday night.
An F/A-18 fighter jet was "mistakenly fired on" by the guided missile cruiser USS Gettysburg, authorities said.
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
California regulators approved two more rate hike requests by Pacific Gas and Electric Thursday night, making it six this year.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
California Gov. Gavin Newsom issued an emergency proclamation on Wednesday in response to growing concerns over bird flu cases in the state and across the country.
Cases now reported in eight states related to Yu Shang Food products sold online and at stores nationwide, officials say.
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
Feds warn against eating multiple products containing the vegetable, including salads, wraps, party trays and meal kits.
A Fairfield couple had their home insurance policy canceled because of a photo taken from high above their residence. They called Kurtis when they thought the insurance carrier got it wrong.
Inflation and California's higher wages are driving up the cost of dining out, but the Call Kurtis team has found some relief for your wallet in the form of discount gift cards for restaurants.
A Sacramento mother is seeking answers—and justice—after discovering that her daughter's grave was moved without her knowledge.
A Lodi animal rescue and adoption agency said someone hijacked their Facebook page and is using it to rip people off. They reached out to the Call Kurtis team to look into it.
A Folsom viewer said a credit reporting agency is refusing to remove a debt that isn't hers. She reached out to the Call Kurtis team for help.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
No one — not the Governor's Office, the CHP task force, nor the attorney general — can tell us how many of the people arrested by California's Organized Retail Crime Task Force were sentenced, let alone how many went to jail, received treatment, or re-offended.
CBS News California examined retail theft rates in California and whether the high-profile Proposition 36 would help combat those crimes.
The CHP captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout confirmed.
CBS News California takes a closer look at the drug component of the high-profile Proposition 36 to fact-check claims about the ballot measure from supporters and opponents.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The family contacted CBS13 and the Call Kurtis consumer investigative team to look into the matter.
The fire prompted a massive response from crews across the state, including five strike teams out of Auburn in Placer County.
The goal is to attract more women to the profession.
A new wildfire burning near the Nevada and Placer county line has forced officials to issue mandatory evacuations in both counties on Saturday.
As wildfires rage across California, new research reveals an alarming impact on one of the region's most vital industries: agriculture.
California voters will be asked to authorize the state to borrow $10 billion to pay for climate and environmental projects, including wildfire prevention.
A high school senior and his girlfriend dressed up as Santa and Mrs. Claus and handed out gifts to every student at their school, Marysville Charter Academy for the Arts.
It was a day of conquering fears and overcoming odds at the Sacramento Deep Water Channel this weekend. People living with physical disabilities got an opportunity to feel the exhilaration of setting sail.
A nutrition program to get kids excited about healthy eating in Yuba City is seeing success and now the farm-to-school program will be growing not just food but in size and opportunity.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Photojournalist Dave McCain was there for the celebration.
Old Town Pizza hopes to complete the renovations and be open by this time next year.
Sacramento County officials are taking precautionary measures Friday after discovering a levee is starting to erode.
A Sacramento viewer says she was promised cheaper natural gas, but when it became more expensive, it was time to call Kurtis.
California public health officials confirmed two additional bird flu cases during a press conference Friday.