Tag: gift_tax

IRS Eases Gift Tax Reporting for Trump Account Contributions

29 Jun 2026 12:21 p.m.

The IRS and Treasury have announced a new safe harbor, Revenue Procedure 2026-25, to exempt certain Trump account contributions from gift tax reporting, easing the burden on donors and families. This initiative supports the Working Families Tax Cuts.

Politics and Government Business Federal Government Economy Legal Social Issues IRS Treasury Trump Accounts Gift Tax Safe Harbor Working Families Tax Cuts Taxation
IRS and Treasury Announce Gift Tax Reporting Safe Harbor for Trump Accounts

29 Jun 2026 12:19 p.m.

The IRS and Treasury Department have issued a safe harbor, exempting certain contributions to Trump accounts from gift tax reporting. This relief, under the Working Families Tax Cuts, simplifies donations and reduces burdens for families supporting these accounts.

Politics and Government USA Federal Government General Politics Economy Legal Social Issues IRS Treasury Department Trump Accounts Gift Tax Working Families Tax Cuts Revenue Procedure 2026-25 Taxation