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.
Owners of vacation homes in Northern California's South Lake Tahoe could face a significant tax increase if voters in the mountain resort town approve a measure on Tuesday's ballot that pits affordable housing against private property rights.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
Ruling comes on same day EU court enforces whopping $2.7 billion penalty against Apple in long-running antitrust case.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Former President Donald Trump's pledge to cut taxes that seniors pay on their Social Security income would ultimately hurt the program, experts say.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
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.
Students currently looking for jobs in the summer should also plan for their future financial standing points. CBS News Business Analyst Jill Schlesinger advises young workers to also plan for retirement and how to budget their Summer earnings financially. (05-30-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
The California Supreme Court is weighing whether to remove a measure from the November ballot that would make it harder for the state and local governments to raise taxes.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
Sonoma County supervisors on Tuesday took the unusual step of voting to reduce taxes on cannabis production, recognizing that the industry has hit hard times.
People who are waiting until the last minute to file taxes have until 11:59 p.m. on April 15, unless they have been granted an extension.
Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
On Saturday, the IRS opened up special Taxpayer Assistance Centers across the state which include three Bay Area locations.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
An owner of a Fremont manufacturing company was sentenced to 10 months in prison last week for submitting false tax returns, federal prosecutors said.
After almost one month of tax filing, Americans are seeing bigger tax refunds, according to IRS data. Here's what to expect.
Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy.
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.
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.
Oakland police said two people were killed Friday night after an altercation involving multiple people.
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
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.
Oakland police said two people were killed Friday night after an altercation involving multiple people.
Senators approve a bill to expand Social Security benefits to millions of Americans, with President Biden expected to sign it into law.
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
State officials on Friday announced the commercial Dungeness crab fishery for most of the California coast will finally open south of the Sonoma/Mendocino county line beginning Jan. 5.
Police in San Francisco shot and killed a man early Friday morning near Union Square who was wanted for hitting two pedestrians and a man on an electric scooter with a vehicle hours earlier.
A coffee shop in San Francisco's Mission Bay hasn't even opened yet, but has dealt with at least two break-ins over a 24-hour span.
San Mateo County emergency officials are developing a new method of communication to reduce misinformation and confusion during earthquake and tsunami threats, following a massive earthquake that struck near Humboldt County in early December.
Marriott hotel workers have ratified a new contract that was up for a vote by membership Thursday, according to union officials.
Oakland police said two people were killed Friday night after an altercation involving multiple people.
Fremont's recently elected Mayor Raj Salwan is blazing a new trail as the first Indian-American to lead the East Bay city.
An East Bay CHP officer recently had to play Grinch after spotting a car decorated with exterior Christmas lights traveling on Interstate Highway 880, authorities said.
A road rage incident on Interstate Highway 80 in Pinole earlier this month culminated in a shooting on an offramp that severely injured one person, police said Friday.
A Walnut Creek organization on Friday announced it is partnering with 11 East Bay animal shelters to promote holiday adoptions while trying to find homes for a dozen abandoned Chihuahuas that were recently rescued in Calistoga.
A convicted sex offender already serving time at prison may never see life outside bars again after he was found guilty of committing a violent mall robbery more than three decades ago in San Jose.
Police in Milpitas provided an update into the deaths of a family found inside their apartment Tuesday, saying the incident is being investigated as a murder-suicide.
Four family members, two adults and two children, were found dead inside an apartment in Milpitas Tuesday in an incident that police said was "isolated."
Bay Area post offices were packed with people trying to beat holiday shipping deadlines on Wednesday. The increased number of packages being mailed increases the workload for local postal employees.
Police in San Jose announced an arrest Tuesday in connection with a home invasion robbery and sexual assault last month at an apartment near the San Jose State University campus.
Police in Novato have completed their search of a high school and have secured the campus following a report of a nearby robbery Thursday, but the investigation remains ongoing, the department said.
Service on Sonoma-Marin Area Rail Transit was unavailable Monday because of storm damage and for extended systems testing, the agency said.
Zakir Hussain, one of India's most accomplished classical musicians who defied genres and introduced tabla to a global audience, has died.
A North Bay city experienced a city-wide power outage on Saturday after high winds downed power lines and trees.
San Francisco residents were woken up by a tornado warning early Saturday morning during a powerful storm system that battered the region with heavy rain and wind.
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.
Joel Kiviranta scored twice in the third period, Mackenzie Blackwood made 32 saves against his former team and the Colorado Avalanche beat the San Jose Sharks 4-2.
Stephen Curry had a game like none other in his career. It was part of an awful night for the Golden State Warriors.
A year after earning playoff berths and even making it to the Super Bowl, the Miami Dolphins and the San Francisco 49ers are struggling for relevance this season.
Oakland police said two people were killed Friday night after an altercation involving multiple people.
A road rage incident on Interstate Highway 80 in Pinole earlier this month culminated in a shooting on an offramp that severely injured one person, police said Friday.
The Alameda County District Attorney's Office on Friday announced the sole police officer still facing a charge in the death of Mario Gonzalez while he was being taken into custody in 2021 in Alameda has had the case dismissed.
A convicted sex offender already serving time at prison may never see life outside bars again after he was found guilty of committing a violent mall robbery more than three decades ago in San Jose.
Police in San Francisco shot and killed a man early Friday morning near Union Square who was wanted for hitting two pedestrians and a man on an electric scooter with a vehicle hours earlier.
In the face of wide speculation about how artificial intelligence will impact workers in the Bay Area and beyond, a series of billboards plays on those concerns, advertising what appears to be a nightmare scenario where people are entirely replaced by computers.
Elliston Berry's life was turned upside down after a photo she posted on Instagram was digitally altered online to be pornographic.
FAA data shows that lithium battery fires on U.S. flights have risen 388% since 2015, now occurring nearly twice a week.
Members of Cash App founder Bob Lee's family had sharp criticism Tuesday for those close to Nima Momeni, who was convicted of second-degree murder in Lee's 2023 stabbing death in San Francisco.
Nima Momeni has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee, a verdict reached by a San Francisco jury after seven days of deliberations.
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.
Researchers at Stanford University believe a newly developed AI tool could help in the fight against cancer and other diseases.
Striking San Francisco hotel workers are attempting to discourage people from attending a major healthcare conference in January.
At least 364 pertussis cases were reported, marking the worst Thanksgiving week on record.
Fremont's recently elected Mayor Raj Salwan is blazing a new trail as the first Indian-American to lead the East Bay city.
The Senate confirmed two more judges to the federal bench on Friday, giving President Biden a total of 235 since he took office.
San Mateo County emergency officials are developing a new method of communication to reduce misinformation and confusion during earthquake and tsunami threats, following a massive earthquake that struck near Humboldt County in early December.
California regulators approved two more rate hike requests by Pacific Gas and Electric Thursday night, making it six this year.
"My phone was ringing off the hook," Republican Rep. Andy Barr said. "The people who elected us are listening to Elon Musk."
Police in Santa Cruz have arrested a man on suspicion of a hate crime after a LGBTQ+ bar in the city's downtown was vandalized early Tuesday morning.
The building located off Folsom Street will include 42 units for young adults ages 18 to 24.
San Jose State's volleyball team was the subject of a national debate about women in sports.
A look at key dates before and during the San Jose State women's volleyball season marked by multiple forfeits by teams claiming the Spartans have a transgender player.
San Jose State says it's disappointed that Boise State forfeited its semifinal match in the Mountain West women's volleyball tournament but is focused on the future.
Veteran East Bay R&B band Tower of Power plays classic funk and soul hits along with some seasonal holiday standards to the Fox Theater in Oakland Saturday night.
Surviving members of the Grateful Dead, Bobby Weir, Bill Kreutzmann, and Mickey Hart, revisit the Great American Music Hall in San Francisco.
One spectacular holiday light display in the East Bay takes its central inspiration not from Santa or Christmas elves, but canines.
Tory Lanaz, who is serving a 10-year prison sentence for shooting Megan Thee Stallion in the feet, is harassing her from prison through surrogates, the petition alleges.
Comedian Nikki Glaser, known for her honest style, is gearing up to host the 82nd Annual Golden Globes.
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.
Kara St. Cyr reports on the woman who organized the holiday night market in San Francisco and what she hopes to achieve. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
CBS News Bay Area morning edition headlines for Dec. 21, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
with Zoe Mintz.
Amanda Hari reports on owners of Oakland's Kon Tiki shutting down their business after seven years.
Len Ramirez reports on Fremont police trying to increase staffing with $100,000 signing bonus, with some restrictions.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
An Oakland woman has brought the joy of dance and an appreciation for African American culture to performers and audiences for 52 years.
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.