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 could owe money to the IRS on June 17, with fines for missing payment on the rise.
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.
The IRS is showcasing its new capability to audit high-income tax dodgers aggressively as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
A Fresno tax preparer and former employee of the Internal Revenue Service was found guilty Thursday of filing false and fraudulent tax returns for clients and for herself.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Case of Robert Brockman shows it's "shockingly easy" to avoid foreign-reporting laws, report finds.
The Internal Revenue Service is halting a plan that would have required taxpayers to verify their identities with facial recognition software before signing on to its website following backlash from lawmakers and privacy groups.
Tax season is looking very different this year. The high rate of omicron infections isn't helping and staffing issues are plaguing the Internal Revenue Service.
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.
Looking to increase health insurance coverage among low-income and undocumented families, California legislators proposed making the state the first to let adult children add their parents as dependents to their health insurance plans.
California Gov. Gavin Newsom joined six other Democratic governors on Friday in calling on Pres. Joe Biden to lift the $10,000 cap on state and local tax deductions that was a part of former Pres. Donald Trump's massive 2017 tax law.
Millions of Californians who get their EDD unemployment benefits on Bank of America debit cards have lost thousands of dollars in fraudulent transactions. Now KPIX is learning they could get hit with taxes on income they never received.
The Department of Justice announced Thursday that it indicted software tycoon Robert Brockman on charges that he evaded paying $2 billion in taxes, making it the largest tax fraud case in U.S. history.
The federal income tax filing deadline has been pushed back from April 15 to July 15, Treasury Secretary Steven Mnuchin announced Friday.
While many Bay Area residents may be paying more to the federal government this year, several big corporations based here – including Netflix, Salesforce and Chevron -- aren't paying a dime in federal income tax.
A U.S. Internal Revenue Service analyst in San Francisco has been charged in federal court with leaking information about the bank records of Michael Cohen, a former personal lawyer to President Donald Trump.
Police say a 25-year-old man has been arrested after ramming two gates at an Internal Revenue Service processing center in Fresno in an apparent road rage incident.
Filing their taxes online for the first time as married, one Modesto couple made a big, costly mistake.
The president's first executive order is a one-page directive giving agencies authority to grant waivers, exemptions and delays of provisions in the Affordable Care Act.
The billionaire Koch brothers' are steamrolling ahead in their efforts on both the state and federal level to hide the identity of donors to nonprofit groups.
Uncle Sam is joining the ranks of beauty salons, taco stands and other services reviewed on Yelp.
Critical fire weather conditions were building across the Bay Area, prompting a Red Flag Warning for the region beginning Tuesday.
A small plane made an emergency landing on a busy Highway 85 in Cupertino Monday morning, authorities said.
It was a steady weekend at the local elections offices with early voters stopping by to pick up and drop off ballots and in Oakland, weekend voters said they felt good to have done their part.
For voters who want to cast their ballot in person for the 2024 presidential election, here is when polling places open and close in California.
Whether you are dropping off your ballot or voting in person, here's how to find your polling location in California.
Critical fire weather conditions were building across the Bay Area, prompting a Red Flag Warning for the region beginning Tuesday.
A small plane made an emergency landing on a busy Highway 85 in Cupertino Monday morning, authorities said.
It was a steady weekend at the local elections offices with early voters stopping by to pick up and drop off ballots and in Oakland, weekend voters said they felt good to have done their part.
For voters who want to cast their ballot in person for the 2024 presidential election, here is when polling places open and close in California.
Whether you are dropping off your ballot or voting in person, here's how to find your polling location in California.
Election Day is less than two days away, but the majority of San Franciscans' ballots have not been returned yet.
BART police on Sunday arrested a suspect in the stabbing that happened on one of their trains on Saturday morning.
BART police are searching for a suspect they say stabbed a woman in an unprovoked attack on a train Saturday morning in the Mission District.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
While the Mission District is getting ready for its grand Dia de los Muertos celebration Saturday, the Sunset District held its event Friday night.
It was a steady weekend at the local elections offices with early voters stopping by to pick up and drop off ballots and in Oakland, weekend voters said they felt good to have done their part.
Saturday night, some people in Walnut Creek were trying to decompress before the final stretch of the election season, but it was difficult.
In the race to recall Alameda County District Attorney Pamela Price, volunteers on both sides canvassed in different cities and neighborhoods on Saturday.
People on both sides of the Oakland mayor recall race made the final push to turn out the votes Friday, with Mayor Sheng Thao and recall supporters holding separate events.
An Alameda city councilmember who's running for re-election is facing a possible reprimand over her conduct on a recent city-backed trip to Southern California.
A small plane made an emergency landing on a busy Highway 85 in Cupertino Monday morning, authorities said.
At last week's council meeting, the city voted to approve the construction of four 10-foot concrete sound walls for neighborhoods that should have gotten them 60 years ago.
A residential building fire in the Cambrian neighborhood just north of Butcher Park left 16 residents displaced Friday afternoon, according to authorities.
Police in San Jose on Friday confirmed the arrest of a San Jose man for possession of child sexual abuse material and recording juveniles with a hidden camera in a private area after he allegedly trespassed in a Bret Harte Middle School locker room this week.
Two teenage suspects were arrested in San Jose after a couple was robbed at gunpoint after withdrawing money from their bank, police said.
Police in Petaluma arrested three minors this weekend following a large melee at a shopping center Halloween night, the department said Sunday.
A search for the remaining four missing boaters in Bodega Bay has been suspended, the Coast Guard said Sunday night.
An annual report card on the Bay Area's local roads and streets released Thursday found no change overall in regional pavement conditions across the past several years, though some cities saw marked improvements.
A 3.3 magnitude earthquake struck in Sonoma County Thursday morning in a region frequented by quakes, according to the United States Geological Survey.
While the month of October has been warm and dry, water officials in Sonoma County said reservoirs are in good shape after the two previous wet winters.
San Francisco third baseman Matt Chapman won his fifth Gold Glove and catcher Patrick Bailey was among 14 first-time winners of baseball's most famous fielding honor.
Buddy Hield scored 27 points and the Golden State Warriors squandered a huge lead before outlasting the Houston Rockets 127-121 in overtime Saturday night.
Pius Suter scored his second goal of the game with 25.7 seconds left, and the Vancouver Canucks beat the San Jose Sharks 3-2.
Hollywood Smothers and Jordan Waters each rushed for two touchdowns, and quarterback CJ Bailey added three more while being nearly perfect through the air as North Carolina State crushed Stanford 59-28.
Stephen Curry will sit out a third straight game for the Golden State Warriors at Houston nursing a left ankle injury but resumed practicing in some drills Friday.
Police in Petaluma arrested three minors this weekend following a large melee at a shopping center Halloween night, the department said Sunday.
BART police on Sunday arrested a suspect in the stabbing that happened on one of their trains on Saturday morning.
BART police are searching for a suspect they say stabbed a woman in an unprovoked attack on a train Saturday morning in the Mission District.
A man was pistol-whipped during a home invasion robbery in San Francisco's Oceanview neighborhood early Friday morning, police said.
Police in San Jose on Friday confirmed the arrest of a San Jose man for possession of child sexual abuse material and recording juveniles with a hidden camera in a private area after he allegedly trespassed in a Bret Harte Middle School locker room this week.
A who's who of SF politics gathered to celebrate a $55 million grant awarded by the EPA to the city to help complete a high-speed zero-emission ferry network.
Apple snapped out of a recent iPhone sales slump during its summertime quarter.
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
A new security system installed in a San Jose shopping center promises to reduce crime in for small businesses.
Google is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire.
Several Bay Area counties have reinstated mask mandates at health care facilities to coincide with the beginning of respiratory virus season.
South Bay residents and businesses are urged to be vigilant about standing water on their properties, as the invasive Aedes ageypti mosquito has been found in more locations despite eradication efforts.
One week before Election Day and voters across the country were filling out their ballots. Along with that warm sense of civic pride, there may be another feeling: anxiety.
October is Breast Cancer Awareness Month, and one Santa Clara soccer player is working to raise money on and off the field to go toward a local health program.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
For voters who want to cast their ballot in person for the 2024 presidential election, here is when polling places open and close in California.
Whether you are dropping off your ballot or voting in person, here's how to find your polling location in California.
Kamala Harris or Donald Trump will need to secure at least 270 votes in the Electoral College to win the 2024 presidential election.
Election Day is less than two days away, but the majority of San Franciscans' ballots have not been returned yet.
California Secretary of State Shirley Nash Weber emphasized the importance of voting during an interview with CBS News Los Angeles on Sunday, with just days until the highly anticipated Election Day.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
On Tuesday, the battle for LGBT rights took a new turn when the Pentagon announced that it was proactively changing the discharge status to "honorable" for hundreds of service members expelled for being gay during the "don't ask, don't tell" era.
John Ramos reports on the Pentagon announcing it will change the discharge status to "honorable" for hundreds expelled during "don't ask, don't tell" era.
An honorable discharge status unlocks access to critical benefits that some veterans may have been missing out on for decades.
Quincy Jones, the multi-talented music legend who collaborated with everyone from Michael Jackson to Frank Sinatra, has died at 91, his family announced.
Brilliant British songwriter and guitarist Richard Thompson brings his current full-band tour to the Bay Area starting Wednesday, playing dates in Grass Valley, Napa and San Francisco.
While kids were trick or treating Halloween night, some in San Francisco partied adult style at the "Nightmare on Front Street," the latest event held in the city's designated "entertainment zone."
San Francisco's first established "entertainment zone" on Front St. will host its second free event on Halloween that kicks off Thursday afternoon at 2 p.m.
A part of music and film history preserved by a group of Bay Area artists is in limbo, as building that has housed Arhoolie Records, Les Blank Films and Down Home Music for nearly half a century could soon be sold.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Jessica Burch says a Red Flag Warning will be in effect across the Bay Area on Tuesday.
Monday 7 a.m. news update from KPIX
It was a steady weekend at the local elections offices with early voters stopping by to pick up and drop off ballots. In Oakland, voters said they felt good to have done their part. Da Lin reports.
Election Day is less than two days away, but the majority of San Franciscans' ballots have not been returned yet.
Here are the latest headlines.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
While stroke rehabilitation is often a difficult road, a South Bay couple is providing local patients some valuable support.
For nearly 50 years, a Vietnam veteran from San Francisco has served as a national champion for military veterans.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.