Trump Accounts could soon take up to $2,500 (£1,850) a year from an employer, with no federal income tax due on the money. The Treasury Department and the Internal Revenue Service (IRS) proposed the rules on 11 August. About 7 million American children now hold one of the tax-favoured investment accounts, which opened for contributions in July, and the proposal sets out what a company must do before paying in.
Employers already had the legal power to contribute, granted by the tax law Trump signed on 4 July 2025. What they lacked was the operating manual. More than 50 companies had announced schemes and then waited, unsure how to check a child's eligibility or what belonged in a plan document.
