Peter Thiel’s $5 billion tax-exempt account led to a new 401(k) regulation affecting high-income Americans over 50.
Starting in the 2026 tax year, older workers with incomes exceeding a certain limit will be unable to make traditional 401(k) catch-up contributions. Specifically, those over 50 who earned more than $145,000 in the previous year will only be allowed to make post-tax (Roth) catch-up contributions. The IRS plans to evaluate the final regulations and […]
Chair of House Ways and Means investigates claims of tax-exempt group’s connections to CCP
Request for Records from People’s Forum Jason Smith, the chairman of the House Ways and Means Committee, is asking for documentation from People’s Forum, an entity he claims acts as an unofficial foreign agent for the US Communist Party (CCP). He alleges that they are using taxpayer benefits to promote protests and spread propaganda. In […]
New York bill aims to restrict political involvement for tax-exempt nonprofits
ALBANY, NY – A new bill from New York State Democrats aims to regulate non-exempt nonprofits, including churches and charities, that get involved in political campaigns. The initiative, proposed by Senator James Scorfes and Assembly member Tony Simone, focuses on creating a state-level process to enforce federal regulations currently under scrutiny. The proposed legislation, known […]
Watchdog Calls for Investigation into Nonprofits Supported by Soros for Possible Misuse of Tax-Exempt Status
IRS Investigation Requested Over Soros-Funded Nonprofits A conservative watchdog group is urging the Internal Revenue Service (IRS) to look into the tax-exempt status of two nonprofits linked to George Soros, alleging these organizations have misused their privileges to support left-wing initiatives. Recovering American Freedom (RAF), an advocacy group dedicated to civil and constitutional rights, lodged […]
IRS Official Linked to Tea Party Controversy During Obama Administration Now in Charge of Tax-Exempt Division
IRS Employees Linked to Tea Party Scrutiny Now in Leadership Positions Recent findings from the American Accountability Foundation (AAF), as shared by the Daily Caller News Foundation, reveal that some employees of the Internal Revenue Service (IRS) who were involved in targeting conservative groups during the Obama administration are still in significant roles within the […]
Harvard is under examination for its diversity policies as Trump warns of possible loss of tax-exempt status.
Debate Over Harvard’s Admissions Policies Intensifies Harvard’s scrutiny regarding its admissions procedures has ignited a heated discussion among educators and students, revealing the challenges that elite institutions face today. The ongoing conflict seems to stem from a clash between traditional practices and evolving expectations. “It seems like there’s a lot of tension between student groups […]
Trump proposes revoking tax-exempt status for schools that exhibit antisemitism.
During a recent chat with conservative radio host Hugh Hewitt, President Trump indicated that universities facing anti-Semitism should lose their tax-exempt status. Hewitt asked during “The Hugh Hewitt Show,” “Are you going to extend this to all universities where anti-Semitism becomes out of control?” Trump responded affirmatively, stating, “I think so, yes.” He specifically targeted […]
Trump plans to revoke Harvard’s tax-exempt status
On Friday, President Trump announced that he would be revoking Harvard’s tax-exempt status. “We’re going to take away Harvard’s tax-free status, and frankly, that’s what they deserve!” he stated in a post on Truth Social. Trump walked to the Marines in Washington, DC on May 1, 2025. Reuters This decision comes shortly after the Trump […]
Trump announces plans to cancel Harvard University’s tax-exempt status
On Friday, President Donald Trump announced his intention regarding Harvard’s tax-exempt status, boldly declaring, “That’s right for them!” This statement follows reports from Fox News indicating that his administration had requested the IRS to revoke Harvard’s tax-free designation. Interestingly, the context for this potential action seems to relate to Ivy League institutions that have been […]
Trump DOJ takes aim at Wikipedia’s tax-exempt status over alleged violations, ‘propaganda’
The Trump administration is working to ensure that federal funding and tax-free status complies with federal law and policies. Not long after that putting Medical journals awaken the medical journals that receive funding from the National Institutes of Health over their alleged bias, Edward Martin Jr. Trump appointed US lawyers for the District of Columbia […]