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Treasury issues guidance on contributions to Trump Accounts
['Morgan Sweeney', 'The Center Square']
Just The News - Not The Noise
(The Center Square) -Employers now have guidance from the Treasury Department on how to contribute to ‘Trump Accounts’ for their employees’ children, and the department says more than 50 companies have already committed to offering such contributions.
The new guidance provides a framework for employers to contribute up to $2,500 annually to employees’ ‘Trump Accounts’ for their children.
Employers’ contributions are considered pre-tax, meaning they will not count toward the employees’ taxable income.
‘Trump Accounts’ are tax-preferred, index-based savings accounts for minors established by the Working Families Tax Cuts Act (formerly known as the One Big Beautiful Bill Act) passed in July 2025.
“530A Trump Accounts will help children build long-term financial security by ensuring they have a vested stake in their future from the very beginning.