Janet Novack
janetnovack.bsky.social
Janet Novack
@janetnovack.bsky.social
Assistant Managing Editor & Washington Bureau Chief @Forbes. Tax, budget, retirement & education policy. Tax shelters. Scams. Fintech. Investing. email: [email protected]
Reposted by Janet Novack
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.
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.
www.forbes.com
November 25, 2025 at 5:12 PM
Back to the future: IBM is a leader in the quantum computer race, which could revive its manufacturing legacy. www.forbes.com/sites/baldwi...
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.
www.forbes.com
November 25, 2025 at 2:19 PM
Reposted by Janet Novack
In Sept., the IRS granted tax-exempt status to the Donald Trump Mount Rushmore Memorial Legacy

apps.irs.gov/pub/epostcar...
November 24, 2025 at 1:22 AM
Reposted by Janet Novack
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

1/
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.
www.forbes.com
November 15, 2025 at 3:05 PM
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...
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.
www.forbes.com
November 13, 2025 at 4:57 PM
How you can still make money investing in green(ish) stocks. www.forbes.com/sites/baldwi...
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.
www.forbes.com
November 13, 2025 at 3:39 PM
Reposted by Janet Novack
NEW: Trump says America needs more foreign workers.

His company requested a record 184 of them for 2025.

me, for @Forbes

1/
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.
www.forbes.com
November 12, 2025 at 8:29 PM
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...
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.
www.forbes.com
November 11, 2025 at 6:40 PM
@bsky.app If you're looking for the silver lining in the Senate Democrats' cave, here it is. www.forbes.com/sites/howard...
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.
www.forbes.com
November 11, 2025 at 1:49 PM
Reposted by Janet Novack
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.
November 10, 2025 at 7:43 PM
Reposted by Janet Novack
Air traffic controllers tell me this will only make things worse.

www.forbes.com/sites/suzann...
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.
www.forbes.com
November 10, 2025 at 4:53 PM
Scary charts raising the prospect that it's more than just AI that's in bubble territory. www.forbes.com/sites/brando...
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.
www.forbes.com
November 10, 2025 at 1:09 PM
Reposted by Janet Novack
Scoop: “Trump Wine Hits Government Shelves”

me, for @forbes.com

1/
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.
www.forbes.com
November 7, 2025 at 11:47 AM
Reposted by Janet Novack
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.
November 6, 2025 at 10:06 PM
Reposted by Janet Novack
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...
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.
www.forbes.com
November 6, 2025 at 10:09 PM
Reposted by Janet Novack
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 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.
www.forbes.com
November 6, 2025 at 2:03 PM
Reposted by Janet Novack
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.
www.forbes.com
November 6, 2025 at 2:05 PM
@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...
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.
www.forbes.com
November 6, 2025 at 1:36 PM
Reposted by Janet Novack
"Democrats swept the major elections Tuesday, delivering a blow to billionaires who mostly funded Republican campaigns"

Sara Dorn for @forbes.com
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.
www.forbes.com
November 5, 2025 at 6:02 PM
Reposted by Janet Novack
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.
November 4, 2025 at 4:25 PM
Reposted by Janet Novack
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.
November 3, 2025 at 7:11 PM
Good explanation, from a tax reporter's point of view, of the stakes in the SCOTUS tariff cases. www.forbes.com/sites/howard...
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.
www.forbes.com
November 3, 2025 at 7:52 PM