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- The IRS missed its own hiring goal
The IRS missed its own hiring goal
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I share the 4-5 most important accounting that actually matter. I scroll so you don’t have to.
So grab your coffee, take a quick break, and lets catch up.
Today’s Ledger:
The IRS keeps missing its veteran hiring goal.
Trump Accounts just got easier for families to fund.
Reddit is selling the internet’s real human opinions.
WTF of the Day🤯
The IRS Keeps Missing Its Veteran Hiring Goal
The IRS has had the same veteran hiring goal since 2013. It wants 14% of new hires to be veterans. But a new watchdog report says it keeps missing that mark. From 2020 through 2024, the agency hired 70,879 people, and only 5,673 were veterans. That comes out to 8%. Some IRS departments did hit the goal, but the big hiring areas with lower-paying, seasonal, and entry-level jobs pulled the whole number down.
The timing is awkward because the IRS is still trying to rebuild after losing a big piece of its workforce. It had to bring people back for tax season and new tax law changes, while still dealing with federal hiring limits. The IRS says the 14% goal is only “aspirational,” not required.
What’s poppin in accounting🍿
Trump Accounts Just Got Easier To Fund
Here is what changed. Treasury and the IRS issued Revenue Procedure 2026-25. It gives certain people a safe harbor when they put money into a child’s Trump Account. If they follow the rules, they do not have to deal with gift tax reporting for that year. That is the whole point. A grandparent can help fund a kid’s account without wondering if a simple gift just created another tax form.
These accounts came out of the Working Families Tax Cuts law. Parents, guardians, and other approved people can use an IRS Individual Online Account to file Form 4547 and open the first account for a child with a Social Security number. They have to do it before the year the child turns 18. And if the child is a U.S. citizen born from 2025 through 2028, the family may also be able to elect the $1,000 pilot contribution. The main win is for parents and relatives who want to help a child save, but do not want a gift tax filing headache.
Weekly Trend Chart 📊
Reddit Wants to Sell the Human Internet
Reddit has a simple pitch right now. AI can give you an answer, but it cannot tell you what real people actually think. Reddit can. The site has spent 21 years collecting the internet’s raw opinions. Buying advice. Product complaints. Weird niche debates. Honest reviews from people with no reason to make a brand look good. That is messy, but it is also valuable. And Reddit is now calling it “community intelligence.”
Now it wants to turn that into a much bigger ad business. Reddit just rolled out Shopping List Ads, where brands can show up next to product conversations. It is also launching an ad generator built for specific subreddits, plus a tool that lets brands use positive Reddit comments inside ads.
The money is already moving. Reddit did more than $2 billion in ad revenue last fiscal year, the bet is pretty clear. If AI makes the internet feel fake, Reddit wants to sell the part that still feels human.
Meme of the Day😂
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