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IRS Issues Proposed Rules on $1,000 Pilot Program for 530A ("Trump") Accounts for Children
On March 6, 2026, the U.S. Department of the Treasury and the IRS issued proposed rules regarding the $1,000 pilot program for Trump Accounts. Created by the One Big Beautiful Bill Act (OBBBA), Trump Accounts are a new type of tax-favored savings account for children under the age of 18 that will be available later in 2026.
Under the pilot program, children born between 2025 and 2028 may be eligible to receive a special $1,000 contribution to their Trump Accounts from the federal government if certain requirements are met. Employers can contribute up to $2,500 to the Trump Account of an employee or an employee's dependent. These contributions are not included in the employee's income for federal tax purposes.
The proposed rules address how the IRS will make the one-time $1,000 pilot program contributions for eligible children.
Read all the details HERE
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