IRS Clarifies Gift Tax Reporting Rules for Contributions to Trump Accounts

The IRS announced on Monday that contributions made to a Trump Account will no longer require gift tax reporting, removing potential administrative burdens. The guidance allows individuals to contribute up to $5,000 annually without filing a return.

By Jessica Dickler · CNBC · June 29, 2026, 18:05 UTC

IRS Clarifies Gift Tax Reporting Rules for Contributions to Trump Accounts

Topics: gift tax IRS guidance Trump Account

Read the full article at CNBC

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