Illustration of a Trump Account gift tax safe harbor — a small treasury vault on IRS forms with a paper gift-tag airplane

Trump Account Gift Tax Safe Harbor (Rev. Proc. 2026-25)

BySW Accounting admin 07/09/202607/09/2026

Do I have to file a gift tax return for money I put in a Trump Account? In most cases, no. Under IRS Rev. Proc. 2026-25, the Trump Account gift tax safe harbor treats qualifying cash contributions as current-interest gifts within the $19,000 annual exclusion, so most families skip Form 709 entirely. The launch of…

Illustration of Trump Accounts under the One Big Beautiful Bill — children's IRA with a one-time $1,000 Treasury seed for kids born 2025-2028 and Form 4547 election via IRS Individual Account

Accounting | Tax

Trump Accounts: $1,000 Treasury Seed + Form 4547 Election Guide

BySW Accounting admin 05/30/202605/30/2026

What is a Trump Account and how do you open one? A Trump Account is a new type of tax-advantaged individual retirement account for children, created by the One, Big, Beautiful Bill (OBBBA, enacted July 4, 2025). A parent, guardian, or other authorized individual can establish one for a child who is under age 18…