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Janet Novack

@janetnovack.bsky.social
2.5K followers 477 following 415 posts

Assistant Managing Editor & Washington Bureau Chief @Forbes. Tax, budget, retirement & education policy. Tax shelters. Scams. Fintech. Investing. email: jnovack@forbes.com

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Janet Novack @janetnovack.bsky.social · 11h
A very useful story for anyone doing end-of-the year tax planning (and anyone who dislikes our too-complicated tax code). www.forbes.com/sites/baldwi...
forbes.com
How To Find Your Real Tax Bracket. It Could Be A Surprise
Marginal tax rates drive choices about investment portfolios, Roth accounts, side gigs and charitable donations. Here’s how to calculate yours before you make any moves.
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Janet Novack @janetnovack.bsky.social · 20h
Interesting (and unexpected?) outcome from a new student loan restriction in Trump's One Big Beautiful Bill Act. www.forbes.com/sites/lisach...
forbes.com
New Rule Could Cut Federal Loans For 14% Attending For-Profit Colleges
Law that restricts federal student loans would affect just 0.8% of those enrolled at public colleges, but 14% of students at for-profit schools, new analysis finds.
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Janet Novack @janetnovack.bsky.social · 14/10/2026
The Social Security COLA for 2027 is 3.6--an automatic increase. But when Congress belatedly gets around to fixing the system's shaky finances, it could adjust both Social Security taxes and COLAs. www.forbes.com/sites/janetn...
forbes.com
Social Security Benefits Rising 3.6% In 2027, But Could Face Cuts In 2032
The top salary subject to Social Security tax will climb to $192,300. Any deal to fix the program's shaky finances could involve both the COLA and the tax base.
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Janet Novack @janetnovack.bsky.social · 09/10/2026
Yet another problem with AI: the prospect that it will magnify existing biases in the job market. Fascinating interview with x-CEO of Indeed who is now sounding the alarm. www.forbes.com/sites/courtn...
forbes.com
Why Indeed’s Former CEO Left Tech To Fight For Workers In The AI Era
Former Indeed CEO Chris Hyams worried artificial intelligence would magnify existing job inequities. So he pivoted to a career of teaching and issue advocacy.
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Katharine Schwab @kschwab.bsky.social · 07/10/2026
NEW: Last fall, executives at TikTok slashed the number of violations for which a TikTok advertiser could be immediately banned by more than half, per policy documents and four TikTok sources. That opened the floodgates to a surge in scams. with @iainmartin.bsky.social www.forbes.com/sites/iainma...
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Janet Novack @janetnovack.bsky.social · 03/10/2026
Another reason the economy is not working for Gen Z. www.forbes.com/sites/courtn...
forbes.com
Bad News For Gen Z: Job Hopping Doesn't Pay Like It Used To
The big raises that once made job switching a smart salary strategy have disappeared. That could hurt the long-term earnings of workers under 35.
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Janet Novack @janetnovack.bsky.social · 02/10/2026
Vivek Ramaswamy wants to make capital gains tax free in Ohio. He says founders will flock to the state. He should know. www.forbes.com/sites/johnhy...
forbes.com
Ramaswamy’s Ohio Homecoming Likely Shaved Eight Figures Off His Tax Bill
The billionaire gubernatorial candidate says lower taxes will make founders flock to Ohio. Ramaswamy is one politician who puts his money where his mouth is.
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Janet Novack @janetnovack.bsky.social · 01/10/2026
Only 31% of Americans now say college is "very important." But for their own kids? That's a different story. www.forbes.com/sites/lisach...
forbes.com
Americans Doubt Value Of College, But Keep Sending Their Kids Anyway
Just 31% of U.S. adults say college is very important. Yet enrollment is growing as families ask hard questions about what a degree costs and what it delivers.
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Janet Novack @janetnovack.bsky.social · 30/09/2026
Between now and 2035, AI will dislocate so many workers, that 3.6 times as many will have to shift careers each year as has historically been the case. And we all know what a terrible record the U.S. has on job retraining. www.forbes.com/sites/courtn...
forbes.com
AI Could Create More American Jobs, But Millions Will Have To Change Careers
McKinsey Global Institute predicts AI could create more U.S. jobs than it destroys, but it may require the largest workforce transformation in history.
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Janet Novack @janetnovack.bsky.social · 21/09/2026
Weird side effect of AI: The long slide in humanities degrees may be ending. www.forbes.com/sites/lisach...
forbes.com
Humanities Degrees Are Poised For A Comeback. AI Gets The Credit.
Since 2012, the number of humanities majors has plunged as students chased degrees with what looked like guaranteed career payoffs. But the job market has changed.
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Janet Novack @janetnovack.bsky.social · 19/09/2026
Why Gen Z has a right to complain. www.forbes.com/sites/brando...
forbes.com
5 Numbers Show Boomers And Gen Z Live In Different Economies
From jobs to housing, these five numbers show how the American economy can look and feel very different depending on your age.
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Janet Novack @janetnovack.bsky.social · 17/09/2026
Sobering reading for those who have a fat 401k alone makes them prepared for retirement. www.forbes.com/sites/joseph...
forbes.com
Retirement Readiness Requires More Than Money
Even a $3 million nest egg doesn’t guarantee readiness. Learn why retirement security depends on what your resources can actually do as life changes.
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Janet Novack @janetnovack.bsky.social · 10/09/2026
Ha! 4th dividend check Trump has promised this term alone. www.forbes.com/sites/maryro...
forbes.com
‘Trump Dividend’ Is Fourth Check He’s Promised Voters—But None Have Ever Been Issued
The so-called “Trump Dividend”—a possibly illegal form of voter coersion—is the fourth time the president has suggested giving checks directly to Americans, but not a single one has ever been issued.
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Janet Novack @janetnovack.bsky.social · 08/09/2026
The Trump presidency, as explained by a hot dog--or many hot dogs that the taxpayers pay for the Secret Service to eat (on Trump's orders) at Trump National Golf Club. www.forbes.com/sites/danale...
forbes.com
Hot-Dog Heaven: Inside Trump’s Golf Getaways
At his private golf clubs, the president barrels through foursomes, knocks away putts, and generally has the time of his life—with the government picking up the Secret Service’s hot-dog tab.
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Penelope Wang @pennywriter.bsky.social · 05/09/2026
The plan would shift money away from working parents and their child care providers, causing some to raise rates or even close. About 80% of families who currently get care subsidies have single working parents, most of them mothers. www.nytimes.com/2026/09/05/u...
nytimes.com
Trump Officials Draft Plan to Pay At-Home Parents, Using Funds for Working Ones (Gift Article)
The proposed benefit, a top policy priority for Vice President JD Vance, would apply only to married couples and tap a fund intended to provide federal child care subsidies to working parents.
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Janet Novack @janetnovack.bsky.social · 04/09/2026
Some good news on aging and health. www.forbes.com/sites/howard...
forbes.com
Do Older Adults Need More Care As Life Expectancy Increases? Maybe Not
Even as seniors are living longer, their overall health in old age appears to be improving and they are living relatively healthy lives for longer,
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Janet Novack @janetnovack.bsky.social · 29/08/2026
As international applications to U.S. universities fall, more Americans are applying to earn undergrad degrees abroad. Wonder why. www.forbes.com/sites/lisach...
forbes.com
15 Top International Colleges And Universities For U.S. Undergrads
These schools, in 12 different nations, offer generally lower prices, more predictable admissions and a global experience, along with unfamiliar academic systems.
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Janet Novack @janetnovack.bsky.social · 03/08/2026
Deal? What deal? No concession by Trump when it comes to his own taxes or those of his sons. www.forbes.com/sites/howard...
forbes.com
Todd Blanche’s Latest Trump IRS Immunity Deal Is No Concession At All
This latest agreement would continue to assure that Trump and his sons would benefit from special tax treatment no other taxpayer has received.
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Janet Novack @janetnovack.bsky.social · 31/07/2026
Oops, here's the correct second link--to the story detailing how six folks chose overseas retirement locations. www.forbes.com/sites/willia...
forbes.com
The Forbes Guide To Planning For A Foreign Retirement
How six Americans picked retirement spots ranging from Mauritius to France. Start your own search with Forbes’ list of The Best Places To Retire Abroad in 2026.
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Janet Novack @janetnovack.bsky.social · 31/07/2026
Also, here's how six retirees chose their overseas retirement spots. www.forbes.com/sites/willia...
forbes.com
The Best Places To Retire Abroad In 2026
Forbes has picked 96 top retirement spots in 24 countries around the world based on costs, quality of life, healthcare, climate change and how welcome U.S. retirees are.
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Janet Novack @janetnovack.bsky.social · 31/07/2026
If high prices or Donald Trump has you down, or you just like to look at pictures and dream of retirement, this is for you. www.forbes.com/sites/willia...
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Janet Novack @janetnovack.bsky.social · 25/07/2026
To me, the moral of this story is that no career or major is a sure thing these days. So hey, study what interests you. www.forbes.com/sites/courtn...
forbes.com
In Today’s New Grad Job Market, Some Engineering Majors Are Big Losers
Exclusive LinkedIn data shows engineering majors have been hit hard in today’s weak, AI-affected job market. Here’s what specialties are hurting the most.
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Janet Novack @janetnovack.bsky.social · 23/07/2026
Conflict-of-interest business as usual for Trump. www.forbes.com/sites/danale...
forbes.com
Trump's Business Pursued Saudi Deal As He Conducted Nuclear Discussions
While Trump's administration held nuclear-energy talks with Saudi Arabia, his private business moved ahead with a real-estate project tied to the crown prince.
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Janet Novack @janetnovack.bsky.social · 22/07/2026
If you're curious about new OpenAI board member David Velez, here's what the billionaire's Nubank has been up to. www.forbes.com/sites/jeffka...
forbes.com
U.S. Banking Is A Fortress. Nubank’s Billionaire CEO Has An Invasion Plan.
Some analysts warn that the U.S. market is too competitive. But David Vélez has built a $13 billion fortune proving the naysayers wrong.
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Carl Quintanilla @carlquintanilla.bsky.social · 17/07/2026
“.. People will pay because they have to,” said an executive at a hedge fund. “If you’re behind on that news, you’ll get crushed.” @financialtimes.com $DJT www.ft.com/content/e466...
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Timothy McBride @mcbridetd.bsky.social · 17/07/2026
New Alzheimer’s Blood Tests Are Easy. But Do You Really Want One? www.forbes.com/sites/howard...
forbes.com
New Alzheimer’s Blood Tests Are Easy. But Do You Really Want One?
These Alzheimer's tests raise many important issues that patients and their physicians should carefully consider before requesting or administering them.
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Reposted by Janet Novack
John Paczkowski @pczki.bsky.social · 15/07/2026
Donald Trump, who decades ago described himself as “a bit of a P.T. Barnum,” has finally found his most lucrative act: being president. www.forbes.com/sites/danale...
forbes.com
Trump Made Even More Money Than You Thought Last Year
America’s salesman-in-chief capitalized on the most lucrative pitch of his life. Now Trump is selling something else—the myth that he doesn’t know how he made so much.
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Janet Novack @janetnovack.bsky.social · 15/07/2026
When asked, Americans say they love small business. But where do they shop? www.forbes.com/sites/johnsc...
forbes.com
Poll: Small Business Only American Institution With Bipartisan Support
New Gallup survey shows that voters of all stripes mistrust banks, big business, tech companies, the media and Congress, but have enduring trust in Main Street.
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Janet Novack @janetnovack.bsky.social · 09/07/2026
Some of this labor shortage, particularly in construction, has got to relate to the immigration crackdown. www.forbes.com/sites/johnsc...
forbes.com
Why Small Businesses Aren’t Hiring: They Can’t Find Qualified Workers
Employers told the NFIB they're having trouble finding workers. But experts say economic conditions, including tariffs and fuel costs, may also be making them pickier.
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Janet Novack @janetnovack.bsky.social · 06/07/2026
Trump Media, crypto, memecoins. A must read, and the best account yet, of how Trump has fleeced his followers. www.forbes.com/sites/danale...
forbes.com
‘I’m Now Broke’: These Investors Lost Billions Buying Trump Stocks And Crypto
Desperate to rebuild his fortune, Donald Trump asked his political supporters to become his business partners. Those who trusted him most got hurt the worst.
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Zach Everson @zacheverson.com · 04/07/2026
President Trump's retail store is out with an Independence Day email blast. Trump pledged not to profit off the presidency. In 2025, Trump Store dot com paid him $8.4 million.
An ad showing America's Birthday with fireworks and the first couple
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Janet Novack @janetnovack.bsky.social · 03/07/2026
So @taxgirl.bsky.social finds a tax angle to everything--and this one is legit. www.forbes.com/sites/kellyp...
forbes.com
America At 250: The Tax Fight That Helped Launch A Nation
The Declaration of Independence is remembered as a statement of liberty, but it was also a complaint about power, representation, and taxes imposed without consent.
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Janet Novack @janetnovack.bsky.social · 02/07/2026
A Yale MBA is happily running a sheet metal fabrication business. www.forbes.com/sites/johnsc...
forbes.com
Millennials Are Now Buying Blue Collar, AI-Proof Small Businesses
Young entrepreneurs are snapping up baby boomer-owned plumbing, construction, manufacturing and HVAC companies. Plus: Tips for would-be buyers and sellers.
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Janet Novack @janetnovack.bsky.social · 02/07/2026
So much for the World Cup bump. "Leisure and hospitality employment declined by 61,000 in June, reflecting weaker than usual seasonal hiring. Thus far in 2026, employment in the industry has shown little net change."
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Janet Novack @janetnovack.bsky.social · 02/07/2026
The only certainties in Trump economic policy today are uncertainty (and self dealing). www.forbes.com/sites/eriksh...
forbes.com
Trump Throws The Economy Into Even More Uncertainty
Trade deals are difficult to negotiate. Having to reexamine an agreement this broad and deep every year means constant financial turmoil.
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Zach Everson @zacheverson.com · 30/06/2026
🚨 NEW: "Donald Trump ​reported more than $1.4 billion in income from ‌his family’s crypto ventures last year, showing how he now earns most of his income from digital assets ​that have benefited from his policies" Tom Bergin and Koh Gui Qing for @reuters.com
reuters.com
Trump reports more than $1.4 billion in income from crypto ventures
U.S. President Donald Trump ​reported more than $1.4 billion in income from ‌his family’s crypto ventures last year, showing how he now earns most of his income from digital assets ​that have benefite...
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Forbes @forbes.com · 30/06/2026
The ruling is broadly expected to give Republicans an edge before the November midterms.
forbes.com
Why Supreme Court’s Campaign Finance Ruling Boosts Billionaire Donors—And Could Help The GOP In November
The ruling is broadly expected to give Republicans an edge before the November midterms.
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Dean Baker @deanbaker13.bsky.social · 27/06/2026
Landlords now charge fees for everything. If our inflation measurements don't pick them up, we would be undercounting inflation deanbaker22.substack.com/p/why-people...
deanbaker22.substack.com
Why People Say the Economy is Bad #32,762: Fees and Insurance
How we measure inflation may not be how people perceive inflation
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Janet Novack @janetnovack.bsky.social · 27/06/2026
Tariff uncertainty continues to cause problems for small businesses. www.forbes.com/sites/johnsc...
forbes.com
Looking To Get Tariff Refunds? How This Entrepreneur Got $15,000
Hundreds of thousands of American businesses are still eligible for tariff refunds from the Trump administration, but navigating the refund process is far from simple.
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Janet Novack @janetnovack.bsky.social · 25/06/2026
Good news--at least temporarily--for access to primary care. www.forbes.com/sites/lisach...
forbes.com
Court Hands Graduate Nursing Students A Temporary Borrowing Reprieve
A federal judge temporarily blocked the Education Department’s narrow definition of “professional degree,” reopening a fight that could affect primary care's future.
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Janet Novack @janetnovack.bsky.social · 25/06/2026
More evidence that someone (pushy parents? social media) has made high-achieving kids crazy. They need a consultant to tell them to climb their own mountains, not someone else's.
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Janet Novack @janetnovack.bsky.social · 20/06/2026
The spread of nurse practitioners has saved the nation's primary care system. Now, a big barrier is being put up to the growth of NPs. www.forbes.com/sites/lisach...
forbes.com
As Nurses Lose Student Loans, Your Healthcare Could Suffer
A new law limits federal loans to aspiring nurse practitioners to $20,500 a year—less than half what would-be podiatrists, chiropractors and optometrists can borrow.
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Janet Novack @janetnovack.bsky.social · 13/06/2026
Workplace benefits for IVF grew fast in the first half of the decade. That may not continue, as employees lose leverage. www.forbes.com/sites/courtn...
forbes.com
IVF Benefits Are ‘Life Changing’ For Workers. Will They Keep Growing?
Companies added IVF coverage when workers were scarce. Employers now have the upper hand, but the national focus on the declining birthrate could protect these benefits.
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Janet Novack @janetnovack.bsky.social · 09/06/2026
Today's Social Security report moves the date when the trust fund will run dry forward to late 2032. Here are six benefit cut/tax increase proposals to keep the program solvent. www.forbes.com/sites/baldwi...
forbes.com
They’re Coming For Your Social Security
What will you have: benefit cuts or tax hikes? Maybe a little of each. Here is what six potential solutions to the system’s bankruptcy would do to you.
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Janet Novack @janetnovack.bsky.social · 09/06/2026
Good explainer on the ruling yesterday against Trump's $100,000 H1-B fee. Bottom line: It's a tax. www.forbes.com/sites/kellyp...
forbes.com
The $100,000 H-1B Trump Fee Case Is Really A Tax Case
A federal court blocked Trump’s H-1B fee, but the bigger fight is about whether the President can use broad immigration authority to impose what looks like a tax.
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Forbes @forbes.com · 08/06/2026
The U.S. tech industry relies heavily on the visa program.
forbes.com
Judge Blocks Trump’s $100,000 Fee For H-1B Visas—Benefiting Amazon, Apple, More
The U.S. tech industry relies heavily on the visa program.
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Janet Novack @janetnovack.bsky.social · 06/06/2026
Jobs are growing, but unevenly across industries. That means laid off workers and new grads are taking longer to find jobs. www.forbes.com/sites/courtn...
forbes.com
The Economy Is Still Adding Jobs—So Why Does Finding One Feel So Hard?
May showed strong signs of growth with 172,000 jobs added to the economy. But economists say a growing long-term unemployment rate suggests a more complicated picture.
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Janet Novack @janetnovack.bsky.social · 04/06/2026
Raw milk? What could go wrong?
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Janet Novack @janetnovack.bsky.social · 04/06/2026
I'm not usually anti-tax collector. But I have to say, this case is outrageous. You really have to root for the homeowner here. www.forbes.com/sites/kellyp...
forbes.com
Supreme Court To Rule On How Much Equity Homeowners Lose In A Tax Sale
A Michigan tax foreclosure case will decide whether homeowners get only the cash left after auction or compensation for the equity that was erased by a forced sale.
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Janet Novack @janetnovack.bsky.social · 28/05/2026
What do you call it when capital is thriving and labor is not? www.forbes.com/sites/brando...
forbes.com
How AI Can End Recessions As We Know Them
AI could allow the economy to keep growing even as fewer workers benefit from it, raising new questions about GDP and how recessions are defined.
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