Report: Trump to end IRS Direct File program for free tax filing

The Trump administration is planning to end the IRS Direct File program that allows tax returns to be filed directly to the IRS for free.

US cities with the most affordable rent in 2025

The cities with the most affordable rent were those that had rent as low as 15% of the median income.

America's 250th birthday plans at risk amid DOGE cost-cutting

Plans for America’s 250th anniversary celebration are at risk due to federal funding cuts under President Donald Trump’s administration.

Retirement savings 'magic number' drops in 2025 for Americans, study finds

When it comes to retirement savings, more than half of Americans think it's “somewhat or very likely" that they’ll outlive their money, according to a new study.

China’s economy grew 5.4% before US tariffs hit; slowdown likely, analysts warn

China’s economy posted 5.4% growth in the first quarter of 2025, fueled by strong exports ahead of steep new US tariffs. But economists warn a slowdown is likely as trade tensions escalate.

Free tax prep in LA
video

April 15 marks the deadline to file taxes. Good Day LA's Koco McAboy takes us to Koreatown.

Billionaire hedge fund manager warns tariffs could trigger conditions 'worse than a recession'

Billionaire hedge fund manager Ray Dalio said that the U.S. economy could experience something "worse than a recession" if current economic and financial challenges aren't handled well.

China halts Boeing jet orders after Trump slaps 145% tariffs on goods

Boeing has delivered aircraft to multiple Chinese airlines this year, but the airline companies were told not to accept any more deliveries.

Forever 21 gift cards set to expire Tuesday as retailer shuts down US stores

Forever 21 customers must use gift cards and store credit by the end of Tuesday as the retailer winds down its U.S. operations after filing for bankruptcy for the second time.

Harvard says no to Trump demands: What to know about $2B funding freeze

Harvard said no to the Trump administration’s demands to limit activism on campus, and the government said it would freeze more than $2.2 billion in funding. Here's what to know about the situation.

The easiest states to save money in 2025

A new study ranked all 50 states to find out how easy — or difficult — it was for residents to grow their savings. Here’s what they found.

LA County unveils tight 2025-26 budget

The $47.9 billion proposal reflects efforts to "offset extraordinary budget pressures," according to a statement from the county, including more than $1 billion in costs related to the January wildfires.

How much is the average tax refund in 2025? It depends on where you live

A new report shows tax refunds are larger in 2025—but fewer people are receiving them. Geography, income, and tax policy all play a role in how much money Americans get back from the IRS.

Trash fees set to increase in Los Angeles

In an attempt to address a $1 billion budget shortfall, the LA City Council approved a plan to increase trash collection fees.

List: The cities most affected by inflation in 2025

A recent study shows that some cities across the country are impacted more by inflation than others. Here's where your area ranks on the list.

More condos in US are selling below list price

Over half of the condos sold earlier this year were for less than the asking price, which is higher compared to last year’s sales, a new report finds.