Trump Accounts:

IRS Guidance

IRS Notice 2025-68 announces the IRS’s intent to issue proposed regulations implementing Trump Accounts (TAs)—a new type of IRA added under the One Big Beautiful Bill Act (OBBBA) that may be established for eligible minors. The notice provides some initial guidance on how these accounts will operate. Beginning July 4, 2026, employers may contribute up to $2,500 per year (indexed annually) per employee on a tax-favored basis via Trump Account Contribution Plans (TACPs). The notice also confirms that TACPs may be offered through cafeteria plan salary reductions, and that further rules coordinating TACPs with cafeteria plans will be addressed in upcoming proposed regulations. The notice can be found here: Notice of intent to issue regulations with respect to section 530A Trump accounts.

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