New rules from the US Treasury and IRS will allow payroll contributions to Trump Accounts. Employers can contribute up to $2,500 tax-free annually for employees’ dependent children. Employees will also have the option to make pre-tax paycheck contributions directly into these accounts. Michael and Susan Dell pledged $6.25 billion to fund this child savings initiative. The proposed regulations are now open for public comment before finalization. New rules from the US Treasury and IRS will allow payroll contributions to Trump Accounts. Employers can contribute up to $2,500 tax-free annually for employees’ dependent children. Employees will also have the option to make pre-tax paycheck contributions directly into these accounts. Michael and Susan Dell pledged $6.25 billion to fund this child savings initiative. The proposed regulations are now open for public comment before finalization.
