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26 U.S.C. § 139J — Certain contributions to Trump accounts

submitted 1 year ago by Pub. L. 119-21 to r/title-26-INTERNAL-REVENUE-CODE · 48 words · no verdicts yet

in plain englishAI-generated · not legal advice

Money contributed to your Trump account as a "qualified general contribution" is not counted as your taxable income.

This section excludes certain contributions to Trump accounts from the account holder's taxable income. (a) In general. If money is added to someone's Trump account as a "qualified general contribution," that person's taxable income does not include it. (b) Definitions. Any term this section uses that is also used in section 530A means the same thing here as it does there.
the actual law source: uscode.house.gov ↗public domain
(a) In general

Gross income of an account beneficiary shall not include any qualified general contribution to a Trump account of the account beneficiary.

(b) Definitions

Any term used in this section which is used in section 530A shall have the meaning given such term under section 530A.

Source credit: (Added Pub. L. 119–21, title VII, § 70204(c)(1), July 4, 2025, 139 Stat. 186.)

history & why it existsrecord from the source credit
  • 2025Enacted · Pub. L. 119-21 · 139 Stat. 186

A history note hasn’t been published yet. The record shows enactment by Pub. L. 119-21 on 2025-07-04.

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