Trump Accounts Stock Donations Tax Benefit: Understanding the Rules and Implications The Trump accounts stock donations tax benefit allows donors to claim a deduction for charitable contributions made in the form of publicly traded securities held in their brokerage accounts.
This provision, introduced as part of the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001, has been available to taxpayers since 2006.
History of the Tax Benefit The tax benefit was initially introduced in 2001 but wasn't clarified until the IRS issued final regulations in 2006.