Treasury, IRS Propose $2,500 Trump Account Payroll Contributions for Children
Updated
Updated · Yahoo Finance · Aug 14
Treasury, IRS Propose $2,500 Trump Account Payroll Contributions for Children
3 articles · Updated · Yahoo Finance · Aug 14
Summary
$2,500 a year in pretax payroll deductions and another $2,500 in tax-free employer matches would be allowed under proposed Treasury and IRS rules for Trump Accounts.
The guidance is meant to help employers set up separate written contribution plans for employees or their dependents, with nondiscrimination rules and other compliance requirements.
Trump Accounts cover U.S. children under 18 with Social Security numbers, and eligible children born from 2025 through 2028 can receive a one-time $1,000 government contribution.
More than 50 companies have already pledged contributions, and the proposal now heads to an Oct. 15, 2026 public hearing before the rules are finalized.