President Donald Trump ordered the end of circulating penny production late last year to save taxpayers an estimated $56 million annually.  However, a special "dual-date" penny has returned exclusively for America’s 250th anniversary.   You won't find these in everyday cash transactions. These are a  one-year-only design upgrade.  (The only other time the U.S. has done this on such a widespread scale was during the 1976 bicentennial.) 

The Mint's new redesigns feature a 1776 to 2026 "dual date," and many of the coins are already in circulation, including:

The IRS has finally released the final regulations on how brokers have to report the of sales and exchanges of digital assets.  The new regulations apply to broker transactions starting in 2025, for Forms 1099-DA, Digital Asset Proceeds from Broker Transactions that will be issued in January of 2026.

I sometimes run into clients who have to take large distributions from their traditional IRAs and it bumps them into higher tax brackets even though they don't really need the money to live on. Here is one solution to avoid some of that taxation and do some good for the world.

IRA owners age 70½ or older have an option to transfer up to $100,000 to a qualified charitable organization (QCD) each year. For taxpayers born after June 30, 1949, the SECURE Act raised the required beginning date (RBD) for required minimum distributions to age 72. However, eligibility to make a qualified charitable distribution (QCD) remains at age 70½, regardless of the taxpayer’s required beginning date.

Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency ("real currency"), that functions as a unit of account, a store of value, or a medium of exchange.

-IRS

While virtual currency has been around since 2009, it has become better know over the last couple of years. Although there are now dozens of them, some of the most popular names are bitcoin, ethereum, dogecoin and litecoin.

All convertible currency such as cryptocurrency is considered a capital asset for most taxpayers. You invest in virtual currency in the hopes that it will increase in value.

The price of a cryptocurrency is based on one unit, and the pricing is based on the per-unit value, which goes up and down just as a unit of stock would on a stock exchange.