Treasury, IRS issue safe harbor for Trump account contributions under tax law
The U.S. Treasury Department and the Internal Revenue Service are issuing new guidance on contributions to Trump accounts created under the Working Families Tax Cuts. The measure provides a gift tax reporting safe harbor for certain contributions if specified requirements are met.
Highlights
- Revenue Procedure 2026-25 establishes a safe harbor so certain annual contributions by individuals to Trump accounts avoid gift tax reporting requirements.
- The guidance covers Trump accounts under the Working Families Tax Cuts, clarifying compliance for donors and reducing uncertainty around triggering tax obligations.
- IRS CEO Frank J. Bisignano says this relief addresses donor concerns and lowers compliance burdens for friends and family contributing to Trump accounts.
Gift tax relief for eligible contributions
As reported by the Internal Revenue Service, Revenue Procedure 2026-25 establishes a safe harbor under which certain contributions made by individual donors to Trump accounts in a given year are not subject to gift tax reporting requirements for that year.The guidance applies to Trump accounts created under the Working Families Tax Cuts and is aimed at reducing uncertainty for donors about whether their contributions would trigger reporting obligations.
Compliance impact for families and donors
IRS Chief Executive Officer Frank J. Bisignano says the relief responds to concerns from taxpayers who planned to contribute to a Trump account but worried those donations would activate gift tax reporting rules.He says the measure reduces the potential burden on friends and family members who want to put money into a Trump account, easing compliance requirements tied to those contributions.
Trump Accounts’ official July 4 launch plans were previously covered by our publication, including the White House push to raise awareness and encourage families to open accounts for children. We also noted key program details such as the tax-deferred structure for under-18s and the U.S. Treasury’s $1,000 seed deposit for eligible children born between 2025 and 2028.
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