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.
With the rainy season beginning, researchers are looking at how much water will be captured.
Andrew Wiggins scored 27 points, Stephen Curry added 23 points and eight assists, and the Golden State Warriors beat the Atlanta Hawks 120-97.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
In Santa Rosa, a steady rain fell all day Wednesday leading to some localized flooding and road closure plus flood watches and flood advisories.
The controversial center bike lane on Valencia Street that divided business owners and cyclists is moving back to the curb.
With the rainy season beginning, researchers are looking at how much water will be captured.
Andrew Wiggins scored 27 points, Stephen Curry added 23 points and eight assists, and the Golden State Warriors beat the Atlanta Hawks 120-97.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
In Santa Rosa, a steady rain fell all day Wednesday leading to some localized flooding and road closure plus flood watches and flood advisories.
The controversial center bike lane on Valencia Street that divided business owners and cyclists is moving back to the curb.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
The controversial center bike lane on Valencia Street that divided business owners and cyclists is moving back to the curb.
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.
The defense in the trial against Nima Momeni officially rested its case Tuesday after days of testimony, including a dramatic appearance by the defendant himself.
Supervisors in San Mateo County are a step closer to calling for a special election to oust embattled Sheriff Christina Corpus, who has been called to resign following multiple allegations.
The city of Berkeley averted a two-day strike that was set to begin Wednesday after reaching a tentative contract agreement with one of its largest unions.
The Oakland City Council was presented with a report Tuesday detailing a dire budget predicament that will likely result in millions of dollars in additional cuts to services.
On Friday, the Pittsburg and De La Salle high school football programs will meet again to decide the sectional championship.
When 13-year-old Zayan Kajani sets his mind to something, the young man from Dublin makes it happen. Lately, his mind has been on helping others.
Antioch police conducted an enforcement operation Saturday night targeting crime hot spots in the city, resulting in four felony arrests, seven citations, four recovered stolen vehicles, and more than 16 grams of methamphetamine seized.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
Police in the South Bay have made an arrest after a man was found fatally shot in Morgan Hill on Wednesday morning.
Eataly, the gourmet Italian marketplace blending restaurants, cafes, and specialty products, offers an immersive experience designed to transport visitors straight to Italy.
A Mountain View barber accused in multiple sexual assaults in which the victims were unconscious has fled from prosecution and is now a fugitive, authorities said Wednesday.
Police in San Jose are investigating a hit-and-run Monday night in which a driver fatally struck a man who had been clearing a tree branch on the road.
With the rainy season beginning, researchers are looking at how much water will be captured.
In Santa Rosa, a steady rain fell all day Wednesday leading to some localized flooding and road closure plus flood watches and flood advisories.
Mill Valley residents are preparing in advance for the storm that will hit the North Bay.
Parts of Sonoma County are used to dealing with flooding concerns when heavy, prolong stretches of rain are in the forecast, like those residents who live in the area of the Russian River.
As a series of storms fueled by a strong atmospheric river takes aim at the North Bay, the Napa County Sheriff's Office on Tuesday announced sandbag locations are stocked and ready to go for the bad weather headed to the Bay Area.
Andrew Wiggins scored 27 points, Stephen Curry added 23 points and eight assists, and the Golden State Warriors beat the Atlanta Hawks 120-97.
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.
On Friday, the Pittsburg and De La Salle high school football programs will meet again to decide the sectional championship.
Norman Powell scored 23 points and the Los Angeles Clippers held off the Golden State Warriors 102-99 to win their fifth in a row at home.
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.
Authorities in Marin County arrested a man Wednesday who allegedly stole thousands in jewelry and other items from open houses, while posing as a real estate agent.
A suspect wanted for more than three years in connection with a deadly robbery and shootout in California's Central Valley was arrested when he was pulled over for not wearing a seat belt last week, the California Highway Patrol says.
Police in the South Bay have made an arrest after a man was found fatally shot in Morgan Hill on Wednesday morning.
A Mountain View barber accused in multiple sexual assaults in which the victims were unconscious has fled from prosecution and is now a fugitive, authorities said Wednesday.
The defense in the trial against Nima Momeni officially rested its case Tuesday after days of testimony, including a dramatic appearance by the defendant himself.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
A study found that Elon Musk is the most common celebrity used in deepfake scams.
Autonomous vehicle company Cruise LLC agreed to a $500,000 fine Thursday after admitting to a false report following a crash last year in which one of its vehicles dragged a pedestrian in San Francisco.
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
The new Stanford Robotics Center, which will be developing machines for future use in medicine, the arts, ocean and space exploration and your own home, recently opened its doors for the first time.
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.
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.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
The power of music is comforting patients undergoing palliative care, helping them and their loved ones through an extremely emotional and difficult time.
A pro-Palestinian protest at Travis Air Force Base in Fairfield resulted in the arrest of dozens of people demonstrating against Israel's war in Gaza and the U.S. military's support.
The city of Berkeley averted a two-day strike that was set to begin Wednesday after reaching a tentative contract agreement with one of its largest unions.
The Oakland City Council was presented with a report Tuesday detailing a dire budget predicament that will likely result in millions of dollars in additional cuts to services.
Supervisors in San Mateo County are a step closer to calling for a special election to oust embattled Sheriff Christina Corpus, who has been called to resign following multiple allegations.
Linda McMahon is a co-chair of President-elect Donald Trump's transition team and was the Small Business Administrator in his first term.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms. Jose Martinez reports.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
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.
CBS News' Anthony Mason joins Paul Simon on a trip to the Stanford Initiative to Cure Hearing Loss, to explore how researchers are getting closer to finding answers about repairing and preventing hearing loss.
One of the seminal modern jazz-funk bands to emerge during the early '90s "rare groove" revival, fiery quintet the Greyboy Allstars bring their potent grooves to the Bay Area for three shows starting Thursday.
San Francisco welcomes the return of the Sun Ra Arkestra, presenting the interstellar sounds of the late bandleader's sprawling Afrofuturist ensemble for three nights at the Great American Music Hall starting Friday.
Anchored by the McDonald brothers Steven and Jeff for 45 years, Redd Kross brings its mix of punk energy and pop hooks to the Chapel Sunday night, showcasing songs from their acclaimed new self-titled album.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
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.
Andrea Nakano reports on how the storm is impacting Santa Rosa. 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
Wilson Walker reports on how water officials are looking at the impacts of this storm. 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
Loureen Ayyoub reports on Eataly as part of Discover Santa Clara.
CBS News Bay Area evening edition headlines for Nov. 20, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
Kelsi Thorud reports on the surf conditions in Pacifica. 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
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.
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.
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.