6 stories from the week to July 5, 2026, in the order they matter to someone who pays the top rate.
July 4, 2026
Contributions opened July 4 and the first investments followed on July 6. Families can put in after-tax money, but growth is taxed as ordinary income once the child reaches adulthood.
Treasury said philanthropists can now transfer publicly traded stock directly into Trump Accounts, opening a new giving channel days before pledges from Michael and Susan Dell and SpaceX's Gwynne Shotwell.
Treasury opened nominations on July 1 with 25,332 eligible tracts, tighter income tests and a 30% basis step-up for rural funds, while original zones and their deferred gains run out on Dec. 31.
Retroactive to January 2026, New Jersey's FY27 budget cuts off the personal offset tied to the state's pass-through entity tax for owners with more than $1 million in income.
UBS's Global Wealth Report 2026 found the US added more new dollar millionaires than any other country, a milestone that turns first-time wealth into first-time exposure to estate and capital gains tax.
Rev. Proc. 2026-25 treats contributions as present-interest gifts eligible for the $19,000 annual exclusion, but one extra gift or a Form 709 filed for another reason can undo the relief.
General information, not tax, legal or investment advice.