breaking

Trump Administration Explores Stock Donation Option for Children's Investment Accounts

The Trump administration is evaluating whether to permit stock donations to Trump Accounts, a significant expansion of the investment program. Currently, the program is limited to cash contributions. The potential change would create substantial tax advantages for wealthy donors, allowing them to offload appreciated shares without capital gains tax liability while also deducting the stock's fair-market value against their income. Hedge fund manager Brad Gerstner, who developed the accounts, has advocated for the expansion to maximize multi-billion dollar gifts into children's accounts. Michael and Susan Dell have pledged $6.25 billion to seed Trump Accounts for 25 million children age 10 and under in lower-income ZIP codes. Tax experts remain divided on whether the modification would require legislative action or could be implemented through Treasury guidance or executive order. The double tax benefit structure would mirror existing charitable donation practices.