Proposed regulations (REG-101355-26) that the IRS estimates would affect millions of children, families, and employers clarify that the $2,500 annual limit on tax-free employer contributions to Trump accounts applies per employee — not per child or employer. Under the proposed regulations, an employee with multiple children who have Trump accounts could divide employer contributions among those accounts, but the employee’s aggregate exclusion could not exceed the annual limit of $2,500. Proposed regulationsThe proposed regulations would implement Sec. 128, which allows certain employer contributions to Trump accounts to be excluded from employees’ income. The proposed regulations also answer several other questions raised by practitioners since the IRS issued Notice 2025-68 in December.