For most salaried taxpayers, the new regime is now the straightforward choice, according to Hegde. “Unless your exemptions and deductions exceed roughly ₹7.75 lakh annually, the new regime makes far ...

SACRAMENTO, Calif. — With the new year fast approaching, a new tax year awaits. Californians should never wait too long to prepare for the filing deadline. To help prepare, here are some key aspects ...

California Governor Gavin Newsom has made it official: His state won't be replacing the $7,500 federal tax credit for electric vehicle buyers that's set to expire at the end of September. With this, ...

This Monday, Gov. Gavin Newsom today signed AB 564 into law, a bill that reverses a 25% increase in cannabis excise tax and freezes that tax at 15% until 2028. The bill will, according to the governor ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...

A California man, accused of wearing a mask that made him appear White in dozens of robberies, was charged on Monday with allegedly using an online dating app to lure men into meetings that ended in ...

Hollywood loves nothing so much as self-satire — except maybe getting somebody else to help pay for it. Yes, “The Studio” is returning for a second season, this time with $13 million in support from ...

There are two sources of income tax audits in California: those initiated by the State of California Franchise Tax Board (FTB) and those based on audits conducted by another agency, such as the IRS.

Senate Bill 540 could raise electricity costs and reduce California’s clean energy progress by granting control to out-of-state corporate interests. Steve Proehl Getty Images A quiet battle is waging ...

California lawmakers have approved a plan aimed at keeping Hollywood in Hollywood by giving production companies more financial incentives to stay. Hollywood has been struggling for years with ...

California Republicans voiced outrage this week over a plan to divert at least $18 million from the nation’s highest gas tax toward "VIP lanes" on expressways for the 2028 Los Angeles Olympics. The ...