{"id":12470,"date":"2026-07-12T21:08:30","date_gmt":"2026-07-13T01:08:30","guid":{"rendered":"https:\/\/resources.evans-legal.com\/?p=12470"},"modified":"2026-07-12T21:08:33","modified_gmt":"2026-07-13T01:08:33","slug":"annual-exclusion-safe-harbor-for-gifts-to-trump-accounts","status":"publish","type":"post","link":"https:\/\/resources.evans-legal.com\/?p=12470","title":{"rendered":"Annual Exclusion &#8220;Safe Harbor&#8221; for Gifts to Trump Accounts"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Treasury Department has published <a href=\"https:\/\/www.irs.gov\/pub\/irs-drop\/rp-26-25.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Rev. Proc. 2026-25<\/a>, <a href=\"https:\/\/www.irs.gov\/pub\/irs-irbs\/irb26-29.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2026-29 I.R.B.<\/a> 45 (7\/13\/2026), which creates a new &#8220;safe harbor&#8221; under which taxpayers are not required to file gift tax returns for a calendar year if (a) the only taxable gifts made during the year are cash contributions to &#8220;Trump accounts&#8221; defined by IRC \u00a7 530A for beneficiaries who have not reached age 18, (b) the total of the gifts to each Trump account beneficiary (including the gifts to the Trump account) do not exceed the federal gift tax annual exclusion (which is $19,000 for 2026), and (c) the gifts to the Trump accounts do not result in any gift tax (by reason of the application of the federal estate and gift tax exclusion amount) or generation-skipping tax (by reason of the GST exclusion).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The revenue procedure does <em>not<\/em> say that contributions to Trump accounts are present interests that qualify for the annual gift tax exclusion.  Quite the opposite, in fact.  The revenue procedure includes an example that states that, if any of the conditions are not met, such as making additional gifts to any Trump account beneficiary that result in total gifts that exceed the annual gift tax exclusion, the taxpayer must file a gift tax return and report the all contributions to Trump accounts as gifts of future interests, and so do not qualify for the gift tax annual exclusion. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasury Department has published Rev. Proc. 2026-25, 2026-29 I.R.B. 45 (7\/13\/2026), which creates a new &#8220;safe harbor&#8221; under which taxpayers are not required to file gift tax returns for a calendar year if (a) the only taxable gifts made &hellip; <a class=\"more-link\" href=\"https:\/\/resources.evans-legal.com\/?p=12470\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[29,321],"tags":[221,333],"class_list":["post-12470","post","type-post","status-publish","format-standard","hentry","category-news-items","category-rulings","tag-annual-federal-exclusion","tag-federal-gift-tax","pmpro-has-access"],"_links":{"self":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/12470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12470"}],"version-history":[{"count":3,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/12470\/revisions"}],"predecessor-version":[{"id":12473,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=\/wp\/v2\/posts\/12470\/revisions\/12473"}],"wp:attachment":[{"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resources.evans-legal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}