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.
A registered sex offender was arrested after a high school student reported she was harassed by a man when she was getting off a bus earlier this week, police said.
A store inside the Westfield Galleria at Roseville mall was hit by a smash-and-grab robbery late Thursday morning.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Flojaune Cofer and California Assemblymember Kevin McCarty, both Democrats, are still locked in a tight race as many ballots remain to be counted.
Expect rounds of heavy rain and Sierra snow, flooding concerns and travel impacts through the weekend.
The council voted 3-2 in favor of adopting the new ordinance.
Last year, Sacramento had 55 traffic fatalities, which was an all-time high for the city. Now, the city is launching new traffic safety efforts to try and get that number down to zero.
A registered sex offender was arrested after a high school student reported she was harassed by a man when she was getting off a bus earlier this week, police said.
Last year, Sacramento had 55 traffic fatalities, which was an all-time high for the city. Now, the city is launching new traffic safety efforts to try and get that number down to zero.
Two people were shot and killed in the Northgate area of Sacramento, police said Tuesday.
The Sacramento City Council has given the green light for a cannabis lounge pilot program.
Sacramento city leaders on Tuesday will consider passing new rules cracking down on sideshows. It comes as the number of street takeovers continues to grow.
From Sacramento to the White House, here's a look at President-elect Donald Trump's pick for communications director.
Thousands of University of California health and service workers have hit the picket line as of Wednesday morning.
Expect rounds of heavy rain and Sierra snow, flooding concerns and travel impacts through the weekend before Thanksgiving as atmospheric river moves through Northern California
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Elon Musk's social media platform X is suing California over a new state law targeting deceptive, AI-generated election content, claiming that it violates First Amendment free speech protections.
A U.S. Army soldier from Northern California who was captured during World War II and died as a prisoner of war in the Philippines has been accounted for, the Defense POW/MIA Accounting Agency (DPAA) announced Friday.
The San Francisco 49ers are expecting to get star tight end George Kittle back this week for a key game against Green Bay but are uncertain whether top pass rusher Nick Bosa will be able to play.
"Inside the NBA" will continue on other networks, even though will no longer be airing on TNT at the end of this season.
The San Francisco 49ers got a taste of what their defense looks like without Nick Bosa in the second half of a loss to Seattle.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Geno Smith scored on a 13-yard scramble with 12 seconds remaining and the Seattle Seahawks snapped a six-game losing streak against the San Francisco 49ers with a 20-17 victory.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Flojaune Cofer and California Assemblymember Kevin McCarty, both Democrats, emerged from the March primary election as the top two candidates in Sacramento's mayoral race.
Director of Pentagon office probing UFOs showed Congress 3 cases it's resolved, but also discussed 3 — out of nearly two dozen — still under active investigation.
Linda McMahon is a co-chair of President-elect Donald Trump's transition team and was the Small Business Administrator in his first term.
Dr. Mehmet Oz unsuccessfully ran for Senate in 2022. Now he's Trump's choice to lead the Centers for Medicare and Medicaid Services.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
Officials with the California Department of Public Health (CDPH) said they have identified a possible bird flu case in a child in Alameda County.
Officials suspect that migratory birds likely spread the H5N1 virus there.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Since Movember started, it's raised over a billion dollars to help fund programs for prostate and testicular cancer as well as suicide prevention.
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.
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 Call Kurtis team has found that some companies you may already be doing business with may offer streaming for free, or at deeply discounted rates.
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.
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.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
Here's a look at the weather forecast Thursday afternoon.
Thanks to snow last week and some this week, Northstar opened for the 2024-2025 season a day early.
An atmospheric river is bearing down on Northern California.
One person has died and another was hospitalized after a shooting in Sacramento County late Wednesday night.
Crews credit working smoke alarms for getting everyone out safely.