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New IRS rules remove gift tax reporting hurdles for Trump Accounts
News July 02, 2026 at 07:54 AM
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What You Need To Know
- The new guidance provides a gift tax reporting safe harbor for Trump account donations.
- Five requirements must be met to receive the relief.
- “The relief granted will reduce the potential burden placed on friends and family who want to put money into a Trump account," said Frank Bisignano.