The Internal Revenue Service (IRS) announced a tax safe harbor (Revenue Procedure 2026-25) on June 29 for certain individual Trump Account contributors, which qualifies them for a gift tax exclusion.
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Parents can now open a tax-advantaged savings account online, but only certain children qualify for the government’s $1,000 contribution. This weekend, the Trump administration is planning to roll out ...
The IRS fell short of its hiring goals for certain positions ahead of the 2026 tax filing season, which a new inspector general report found caused the agency to scramble in order to fill shortfalls.
Here’s how to take advantage of Trump’s eponymous tax-advantaged investment account for U.S. citizens under 18.
On June 29, 2026, the Internal Revenue Service released Revenue Procedure 2026-25, which provides a transfer tax safe harbor for certain, but not all, contributions to Trump accounts. When the safe ...
The exterior of the Internal Revenue Service building is seen in Washington, on March 22, 2013. Credit: Susan Walsh / AP The Internal Revenue Service will temporarily reopen its Taxpayer Assistance ...
Washington — President Trump remotely rang the opening bell for the New York Stock Exchange and the Nasdaq from the Oval Office on Monday as part of an event promoting the launch of his administration ...
If you’ve signed your child up for a Trump Account, check your email or your Trump Account app—you might have received the U.S. Treasury Department’s free $1,000 deposit. Trump Accounts are ...
Today, most trades take place online, and there are many different kinds of brokerage accounts. Not every brokerage offers ...
Trump Accounts officially launched on July 4. Any child under 18 is eligible for an account, but only kids born between 2025 and 2028 will qualify for the $1,000 government benefit. A year after being ...
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