Janet Novack

GivingTuesday 2025: How To Maximize The Tax Benefits Of Your Donations Thanks to the TCJA, fewer donors are able to claim tax deductions. But you may be able to turn your generosity into tax savings this year—before new changes hit in 2026.

For GivingTuesday, advice on how to maximize your tax breaks from charitable donations. www.forbes.com/sites/kellyp...

Trump Crypto Partner Alt5 Sigma May Have Violated SEC Rules After Another Filing Discrepancy Alt5 Sigma told regulators its accountant resigned in November, while he says he notified the company three months earlier.

Scoop: They tried to bury this news on Black Friday, but, well...

Trump crypto partner Alt5 Sigma told the SEC its auditor quit in Nov.

We called the auditor.

He resigned in August.

That's the second SEC filing with an apparent conflict that Alt5 Sigma has made in recent weeks.

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Private Job Losses Sped Up This Month — Here's What To Know. ADP’s weekly data shows private sector job cuts accelerated — as economists look toward alternative indicators as the federal government has not released labor reports.

The U.S. private sector shed more than 13,500 jobs per week on average in October and early November, according to data released Tuesday by the private payroll processing firm ADP, offering one of the few real-time reads on a weakening labor market.

Inside IBM’s Quest To Win The Quantum Computer Race Investors are throwing money at quantum startups. Maybe they should be looking at a more venerable player that has a lot of practice building things.

Back to the future: IBM is a leader in the quantum computer race, which could revive its manufacturing legacy. www.forbes.com/sites/baldwi...

Department of the Treasury Internal Revenue Service Tax Exempt and Government Entities P.O. Box 2508 Cincinnati, OH 45201 DONALD TRUMP MOUNT RUSHMORE MEMORIAL LEGACY 2805 S PRAIRIE AVE SIOUX FALLS, SD 57105 Date: 09/08/2025 Employer ID number: 33-4047311 Person to contact: Name: Julia Scott ID number: 4564334 Telephone: (877) 829-5500 Accounting period ending: February 28 Form 990/990-EZ/990-N required: Yes Effective date of exemption: February 26, 2025 Contribution deductibility: No Addendum applies: No Dear Applicant: We determined you're exempt from federal income tax under Internal Revenue Code (IRC) Section 501(c)(4). This letter could help resolve questions on your exempt status. If we indicated that you're required to file an annual information return, you must file one of the following: • Form 990, Return of Organization Exempt From Income Tax • Form 990-EZ, Short Form Return of Organization Exempt From Income Tax • Form 990-N, Electronic Notice, e-Postcard for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ. If you don't file a required return or notice for three consecutive years, your exempt status will be automatically revoked. What you should know If we indicated at the top of this letter that an addendum applies, the enclosed addendum is an integral part of this letter. Where to find more information For important information about your responsibilities as a tax-exempt organization: • Visit IRS.gov/charities • Read Publication 4221-NC, Compliance Guide for Tax-Exempt Organizations (Other than 501(c)(3) Public Charities and Private Foundations) Find tax forms or publications by visiting IRS.gov/forms or calling 800-TAX-FORM (800-829-3676). Keep a copy of this letter for your records. Sincerely, Stephen A. Martin Director, Exempt Organizations Rulings and Agreements Letter 948 (Rev

In Sept., the IRS granted tax-exempt status to the Donald Trump Mount Rushmore Memorial Legacy

apps.irs.gov/pub/epostcar...

Trump-Licensed Presidential Seal Beer Pong Set Could Violate Federal Law A site affiliated with Lee Greenwood sells merchandise with the seal—such as a $20 beer pong set with “Presidential themed balls”—and pays licensing fees to a Trump LLC.

New: A site licensing Trump's name is selling merch with the presidential seal — including a $20 beer-pong set with “Presidential themed balls.”

Federal law says you can’t manufacture or sell likenesses of the seal without authorization.

me, for @forbes.com

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What The End Of The Penny Means For Consumers America’s oldest coin had been around since 1793. Now that Trump has stopped the minting of new pennies, will 99 cent pricing disappear? And what about sales taxes?

No more $x.99 pricing? And what about sales taxes? www.forbes.com/sites/kellyp...

Here’s How Much IRA, 401(k) And Other Retirement Contributions Limits Increase In 2026 The IRS has announced the cost‑of‑living adjustments for pension plans and other retirement-related items for tax year 2026.

If you're a big time retirement saver, the IRS has just released the 2026 numbers you need to know. www.forbes.com/sites/kellyp...

How To Love The Planet And Make Money The anti-carbon movement is losing steam. That hasn’t stopped Pictet, a large Swiss money manger, from finding clean-energy stocks that pack some power.

How you can still make money investing in green(ish) stocks. www.forbes.com/sites/baldwi...

Trump Organization Sought Record Number Of Foreign Workers In 2025 Labor Department data show President Donald Trump’s businesses applied to hire at least 184 foreign workers for seasonal jobs at golf courses, a winery and Mar–a-Lago.

NEW: Trump says America needs more foreign workers.

His company requested a record 184 of them for 2025.

me, for @Forbes

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Retiring Single And Paying Double: The Hidden Costs Of Aging Alone Solo aging in retirement is rising, especially among women, revealing hidden financial, emotional, and practical costs that demand smarter longevity planning.

There are costs to aging alone. Thoughtful piece, although frankly, it's probably better than aging as part of an unhappy couple. www.forbes.com/sites/joseph...

Trump May Have Won The ACA Subsidy Battle, But He May Lose The War The GOP either must agree to extend those insurance subsidies or take sole blame for killing an effort to continue assistance that has overwhelming public support.

@bsky.app If you're looking for the silver lining in the Senate Democrats' cave, here it is. www.forbes.com/sites/howard...

Don’t Spend That Trump $2,000 A Person Tariff Dividend Check Just Yet President Trump has pitched the idea of using tariff revenues for a $2,000 “dividend” payment. But there are big obstacles, including that Congress hasn’t approved it.

@bsky.app Trump sending "tariff" rebates? Dream on. www.forbes.com/sites/kellyp...

A flexible spending account that replaces enhanced ACA premium tax credits would help people with their out-of-pocket health care costs. But, that help would be limited if they couldn't afford to buy insurance to begin with without the enhanced tax credits.

Trump To Air Traffic Controllers: ‘Get Back To Work, NOW!!!’ President Trump threatened to dock the pay of unpaid air traffic controllers who missed work during the shutdown—a move that aviation experts say will only make matters worse.

Air traffic controllers tell me this will only make things worse.

www.forbes.com/sites/suzann...

It’s Not Just An AI Bubble. Here’s Everything At Risk Stocks are soaring, gold is too, and risk looks cheap everywhere. These charts trace the signs of what could be the everything bubble taking shape.

Scary charts raising the prospect that it's more than just AI that's in bubble territory. www.forbes.com/sites/brando...

Trump Wines Sold At Coast Guard Stores On Federal Property Exchanges in Washington, D.C., and Virginia have stocked Trump-branded wine and cider, allowing his family’s business to earn revenue from sales on federal property.

Scoop: “Trump Wine Hits Government Shelves”

me, for @forbes.com

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Musk just called his robot program, Optimus, "an infinite money glitch" for the wealth it will bring Tesla and urges his shareholders to hold on to their Tesla stock.

One way or the other, we'll likely revisit this quote in the future.

SNAP Benefits Must Be Fully Funded For November, Judge Rules The Trump Administration previously agreed to use contingency funds to disburse half of November’s food benefits to over 42 million Americans.

A federal judge has ordered the Trump administration to fully fund November’s Supplemental Nutrition Assistance Program benefits by Friday

www.forbes.com/sites/kirkog...

IRS Gives Employers A Breather On No Tax On Tips, Overtime Reporting For 2025 The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, the IRS is offering penalty relief in 2025.

The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, the IRS is offering penalty relief in 2025.

www.forbes.com/sites/kellyp...

IRS Kills Off Popular Free Direct File Option For The 2026 Tax Filing Season While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.

While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.

www.forbes.com/sites/kellyp...

IRS Kills Off Popular Free Direct File Option For The 2026 Tax Filing Season While the IRS hasn’t officially confirmed that the program is dead, the website indicates that the program is closed—and states have been notified that it will not be in place for 2026.

@bsky.app Those who used the IRS' popular Direct File program to file their tax returns are out of luck. The Trump IRS has shut down the program and they'll need to file a special form to get a copy of their last return. www.forbes.com/sites/kellyp...

These Billionaires Won—And Lost Big Time—On Election Night More than 26 billionaires gave to campaigns to defeat New York City Mayor-elect Zohran Mamdani.

"Democrats swept the major elections Tuesday, delivering a blow to billionaires who mostly funded Republican campaigns"

Sara Dorn for @forbes.com

MacKenzie Scott, Michael Jordan, Jay-Z: The Biggest Billionaire Donors To HBCUs MacKenzie Scott’s $80 million gift to Howard University this week is the latest—but not biggest—recent billionaire donation to an HBCU. These 9 billionaires have put more than $1 billion into historic...

More billionaires have been stepping up to help underfunded HBCUs. www.forbes.com/sites/asia-a...

Donald J. Trump © © @realDonald Trump SNAP BENEFITS, which increased by Billions and Billions of Dollars (MANY FOLD!) during Crooked Joe Biden's disastrous term in office (Due to the fact that they were haphazardly "handed" to anyone for the asking, as opposed to just those in need, which is the purpose of SNAP!), will be given only when the Radical Left Democrats open up government, which they can easily do, and not before! Thank you for your attention to this matter. President DJT

The president says he will defy court orders and illegally withhold SNAP benefits despite there being money in the SNAP contingency fund that the Trump is required to use.

Multiple unpaid TSA officers told me the agency is using “scare tactics” to discourage people from calling in sick or taking leave. Buckle in for some ugly travel days ahead.

Trump Tariff Cases Before The Supreme Court Are A Big Deal. Here’s Why The decision, which could come within a few months, will have a significant impact on Trump’s expansive use of what he calls emergency presidential power.

Good explanation, from a tax reporter's point of view, of the stakes in the SCOTUS tariff cases. www.forbes.com/sites/howard...

Trump’s Gutting Of The Consumer Financial Protection Bureau Is Leaving The Public Vulnerable To Abuses A massive dismantling of the financial regulator created to protect consumers is underway, affecting everything from auto lending and digital payments to credit cards and credit reports.

It's worse than you thought. This story lays out the consequences of the gutting of the CFPB by Trump hatchet man Russell Vought. www.forbes.com/sites/jeffka...

More than an indignity. #8 on this NY Times list of 12 signs of creeping autocracy. (Gift article.) www.nytimes.com/interactive/...

White House Limits Media Access to West Wing Offices in Latest Indignity for the Trump Press Corps On Friday evening, White House Communications Director Steven Cheung and Press Secretary...

The move comes amid extensive changes to the Washington press corps under President Trump, and echos others at the Pentagon, where recent restrictions on the press have been even more dramatic.