Income Tax

Gov. Newsom just bought a $9 million house in Marin County, but his sources of income haven’t been made public recently. He had pledged to release his tax returns.

Under then-President Donald Trump a popular federal income tax deduction was capped at $10,000 a year, costing Californians thousands of dollars. Now he's ready to cut the cap.

California politicians have steadfastly refused to deal with the volatile revenues that plague the state budget. They now face a whopping $68 billion deficit.

When Gov. Gavin Newsom returns from his overseas travel, he will find a state whose economy seems to be slowing.

While many wait to see how Gov. Gavin Newsom handles hundreds of bills on his desk, others await the looming deadline for tax returns to see whether the state will face another multibillion-dollar deficit.

California has experienced population and economic growth for virtually all of its 173-year history, but now may be facing prolonged stagnation.

There's no shortage of efforts to impose new taxes on the wealthy or corporations in California, but few of them survive the political process.

Advocates warn now is not the time to cut programs that help the poor. The state has reserves to weather a tough year but a recession could deepen the deficit.

Here’s who is eligible for a 2022 gas rebate, how you will get it, when and how much you should expect.

The debate over how much of the state’s budget surplus to spend is a dangerous red herring. California should not be spending the surplus at all.