Janet Novack

A modest but real example of how a proud and free press can prompt people in power to serve the public

As Meme Stocks Make A Comeback, Beware This Tax Trap Heavy traders may assume they'll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule.

One more reason not be a day trader. www.forbes.com/sites/kellyp...

As Meme Stocks Make A Comeback, Beware This Tax Trap Heavy traders may assume they'll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule.

Heavy traders may assume they'll owe no capital gains tax if their losses and gains even out. But then they stumble across the wash sale rule.

Billy Long Out As IRS Commissioner Just Weeks After He Was Sworn In Secretary of the Treasury Scott Bessent will run the IRS on a temporary basis, becoming the seventh person to run the shrinking tax agency this year.

@bsky.app The IRS is getting its 7th commissioner/acting commissioner this year, if anyone is counting. www.forbes.com/sites/kellyp...

IRS Says It Will Not Change Withholding Tables Or Form W-2 In 2025, Despite The New Tax Law Taxpayers and tax professionals alike expected the IRS to issue new withholding tables and Forms W-2 to reflect changes under the One Big Beautiful Bill Act. The IRS now says that won’t happen in 2025...

@bsky.app Congress made retroactive cuts to the tax on tips and overtime, but the IRS says you're on your own when it comes to figuring out the impact. www.forbes.com/sites/kellyp...

Improving Oversight of Federal Grantmaking By the authority vested in me as President by the Constitution and the laws of the United States of America, and to improve the process of Federal

Further consolidating control over federal research funding under Russell Vought and a cadre of apparatchiks.

www.whitehouse.gov/presidential...

Trump Delayed a Medicare Change After Health Company Donations

It's not just crypto. Yet another example of Trump's "willingness to grant access and preferential treatment to people and companies that fill the coffers of his political groups."
www.nytimes.com/2025/08/07/u...

Inside Robinhood’s Crypto-Fueled Plan For World Domination First Vlad Tenev blew up the brokerage industry’s fee model. Now, thanks in part to his full-on crypto embrace, he has increased his fortune sixfold to $6 billion as he embarks on a global financial s...

@bsky.app Another kooky idea we can all worry about now: revaluing the U.S. Treasury's gold.
www.forbes.com/sites/ninaba...

Affordable Health Insurance for Early Retirees Obtaining health insurance before Medicare is critical but can be expensive. Learn about seven possible ways to get coverage and do your shopping.

With subsidies for Affordable Care Act plans about to go away, don't take early retirement until you've figured how you'll get health insurance and what it will cost. www.forbes.com/sites/stevev...

Google's AI Kills Traffic: Here's How Small Businesses Can Survive Google’s AI Overviews slash clicks to small business sites. Learn to stay visible, fix errors, and adapt content to win in the new search game.

"Is car sex legal in Alabama?" used to drive traffic to a law firm's website. Now, Google Overview is answering that question. It's not just media facing a traffic apocalypse www.forbes.com/sites/brando...

Trump And Miller Compel Colleges Not To Enroll International Students Trump officials are using rules, policies and agreements to compel and discourage U.S. universities from enrolling international students.

@bsky.app Mostly overlooked in the coverage of Columbia's bad deal with the Trump Administration: the university agreed to reduce its reliance on foreign students. www.forbes.com/sites/stuart...

Did anyone seriously think that corporate America would just eat the tariffs forever? That's not how companies work. (Or tariffs, FWIW.)
www.nytimes.com/2025/08/02/b...

How Scrubbing Your Instagram, TikTok And X Accounts Could Backfire And Hurt Your Job Prospects Between the Trump Administration declaring private accounts a red flag for foreign students and employers using AI to find fake applicants, the old rules are becoming obsolete.

A warning for college students and new grads: Before you even get a job interview, AI may be used to scan your social media to make sure you're real--and maybe ideologically compatible. www.forbes.com/sites/mariag...

What Older Adults Need To Know About Trump’s Changes To Medicare Trump is changing Medicare, mostly focusing on providers. But the biggest impact may come from tariffs and deporting immigrants. Combined, these direct and indirect c

And here are some Trump Administration Medicare changes that have gotten too little attention. www.forbes.com/sites/howard...

Proposed Changes To Phone Services For Social Security Beneficiaries Raise Concerns—Again The Social Security Administration has proposed changes—again—to its phone service options. The agency will require beneficiaries to go online to prove their identity.

Once again, the Trump Administration is trying to cut Social Security phone service. www.forbes.com/sites/kellyp...

Analysis | The Fact Checker rose in an era of false claims. Falsehoods are now winning. Longtime Fact Checker Glenn Kessler takes stock as he departs The Washington Post.

@bsky.app The farewell column from Washington Post fact checker Glenn Kessler. As he points out, these days, Trump doesn't even bother complaining about his Pinocchios. "In an era where false claims are the norm, it’s much easier to ignore the fact-checkers." wapo.st/41kFq2G

I said farewell to the @washingtonpost.com today, after 30 years. My note to my friends and colleagues, threaded:

One More Worry For College Students: Medicaid Work Requirements While families struggle to understand the student loan cuts in Trump’s big budget overhaul, there’s another, less-noticed impact on millions of college students.

The deeper you dive into the GOP's Medicaid "work requirements," the more problems you find. Millions of college students could face a bureaucratic mess.
www.forbes.com/sites/fionar...

Which States Expanded Refundable Credits in 2025? Refundable tax credits were a big part of state tax policy conversations this year. In 2025, nine states improved or created Child Tax Credits or Earned Income Tax Credits.

It is easy to think that nothing good ever happens in policy these days. And it’s true a lot is horrific. But advocates in TEN states got lawmakers to improve tax credits for kids and working families this spring.

How Jeffrey Epstein Got So Rich The convicted sex offender was worth nearly $600 million at his death, thanks mostly to two wealthy billionaire clients—plus generous tax breaks.

What we know about how Epstein got so rich--and some questions that remain unanswered. www.forbes.com/sites/giacom...

The Vice President’s Net Worth Has Increased Along With His Fame The “hillbilly” is richer than ever thanks to a raise, strong equity markets and newly disclosed assets.

NEW from me for @forbes.com: Our estimate of JD Vance's net worth is up by $2 million this year, bringing it to $12 million. Dig into his newly disclosed assets and our other findings here: www.forbes.com/sites/kylemu...

Private Equity Eyes $29 Trillion Of Retirement Savings With Trump's Expected Blessing Blackstone is partnering with Wellington and Vanguard to bring private assets to the masses. Main Street investors could benefit, so long as they know the risks.

If you've got a 401k or similar defined contribution retirement plan, and particularly if you invest through target date funds, this story is definitely worth reading. www.forbes.com/sites/hanktu...

Trump’s Attack On Research Funding Hurt Your State University, Too A new report from the Center for American Progress shows that President Donald Trump’s effort to punish “woke” colleges by terminating research grants is harming universities in both red and blue stat...

It's not just Harvard. Trump research cuts have hit 600 colleges & universities. South Dakota lost $1,752 per student, as an $86 million grant relating to “climate smart” beef and bison was slaughtered. www.forbes.com/sites/emmawh...

Trump’s Attack On Research Funding Hurt Your State University, Too A new report from the Center for American Progress shows that President Donald Trump’s effort to punish “woke” colleges by terminating research grants is harming universities in both red and blue states.

A new report from the Center for American Progress shows that President Donald Trump’s effort to punish “woke” colleges by terminating research grants is harming universities in both red and blue states.

Trump Media Announces its Purchases for Bitcoin Treasury Reach $2 Billion Company’s Bitcoin Treasury Strategy Enabled by $3 billion in Liquid Assets SARASOTA, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media” or the “Company”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that the Company has accumulated approximately $2 billion in bitcoin and bitcoin-related securities as part of its previously announced bitcoin treasury strategy. The holdings now comprise around two-thirds of Trump Media’s approximately $3 billion in liquid assets. Furthermore, approximately $300 million of additional capital has been allocated to an options acquisition strategy for bitcoin-related securities. Trump Media plans to continue acquiring bitcoin and bitcoin-related assets and to convert its options into spot bitcoin, depending on market conditions. These assets will be used by the company to generate revenues and potentially to acquire additional crypto assets. Trump Media’s CEO and President Devin Nunes said, “We’re rigorously implementing our publicly announced strategy and fulfilling our bitcoin treasury plan. These assets help ensure our Company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in the United States or any other state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

📢 Just in: Trump Media announces it has purchased $2 billion worth of Bitcoin.

Now, an investment in Trump Media is a bet on Bitcoin, too.

Stock price is up 7.5% in pre-market trading.

Happy belated Crypto Week.

When Millionaires Say They’re Leaving—They Almost Never Do Millionaires always say they'll flee when taxes go up—but do they? The data tells a different story. Here's why the rich rarely walk their tax threats.

Millionaires always say they'll flee when taxes go up—but do they? No.

*No.*

No.

https://www.forbes.com/sites/andrewleahey/2025/07/20/when-millionaires-say-theyre-leaving-they-almost-never-do/

Go Back To The Office, But Bring Your Own Snacks. Blame Congress. Employers have used free meals and snacks to lure workers back to the office. Republicans decided that’s no longer worth a tax deduction, unless you work in the Alaska fishing industry or a restaurant...

Unless you work in the Alaskan fishing industry or a restaurant, your employer will no longer be able to deduct the cost of providing you with free meals or even coffee and snacks. Thank the GOP--and Lisa Murkowski. www.forbes.com/sites/kellyp...

Plus, practical advice on finding a great place to retire abroad, including the requirements to settle in each country. www.forbes.com/sites/willia...

The Best Places To Retire Abroad In 2025 More Americans are retiring abroad in search of lower costs and less toxic politics. Here are recommended spots around the world, based on quality of life, healthcare, and how welcoming they are to U....

Looking for lower costs in retirement? Nice beaches? Good food? An escape from toxic politics? www.forbes.com/sites/willia...

A Kennedy Aide’s Start-Up Can Get You a Tax Break on a $9,000 Sauna

Tax breaks on cold plunges or bone broth powder? Truemed, a start-up run by an aide of RFK Jr., helps people avoid taxes by claiming luxury wellness items and more as medical necessities. (gift link)
www.nytimes.com/2025/07/18/b...