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IRS chief's family fund gave $250 to Brooklyn children's Trump accounts

Summary of reporting by 24/7 Wall St. on MSN·

IRS chief's family fund gave $250 to Brooklyn children's Trump accounts

Key points

  • 24/7 Wall St. on MSN says IRS CEO Frank Bisignano's family fund deposited $250 into Trump Accounts.
  • The payments were for children ages 2 to 8 living in one Brooklyn ZIP code.
  • The preview says Section 139J(a) excludes the gift from the tax code treatment.

According to 24/7 Wall St. on MSN, IRS CEO Frank Bisignano's family fund deposited $250 into Trump Accounts for children between the ages of 2 and 8 living in one Brooklyn ZIP code. The outlet says the tax code treats the gift under Section 139J(a), which excludes it from the tax treatment described in the preview. The preview does not provide additional details about the accounts or the children involved.

Parent's guideTrump Accounts explained: eligibility, the $1,000 deposit and how SpaceX shares would fit in

Original reporting

This page summarizes reporting by 24/7 Wall St. on MSN, originally published October 30, 2026 at 1:37 AM under the headline "The IRS chief just gave $250 to Brooklyn kids’ Trump accounts. Here’s how the tax code treats that gift". All rights to the original article belong to 24/7 Wall St. on MSN.

Continue reading the full story at 24/7 Wall St. on MSN

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