Business

IRS Clarifies Trump Account Contributions

Updated 2026-06-29 18:25 UTC 2 sources Neutral

The IRS announced that contributions to a Trump Account will not trigger annual gift tax reporting requirements. This clarification affects parents and guardians who contribute, easing their compliance burden.

Coverage timeline — 2 articles
MarketWatch
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CNBC
Parents, guardians and others who contribute to a Trump Account will not be required to file a gift tax return, the IRS and Treasury Department said Monday.
2026-06-29 18:19 UTC
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