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Employers Get a New Tax-Free Pass with Trump Account Contributions
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Subscribe12 AUG 2026 / IRS UPDATES
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The IRS and Treasury have proposed rules to allow employers to contribute up to $2,500 tax-free each year to Trump Accounts, children's savings accounts launched under the federal Working Families Tax Cuts framework. These regulations introduce Trump accounts as a workplace compliance issue, requiring stringent administration and verification procedures, in line with the scheme's aim of helping families build long-term wealth.
The IRS and Treasury just moved Trump Accounts from a family savings idea into the employer benefits world. The concept traces back to a 2024 election proposal from Donald Trump and later took shape under the federal Working Families Tax Cuts framework. T...
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