06 March 2026 IRS issues proposed regulations related to Trump accounts The IRS on March 6, 2026, issued proposed regulations (REG-117270-25) that provide guidance on making an election to open an initial "Trump account," which are individual retirement accounts for children under 18 years old (see Tax Alert 2025-2438). The IRS also released proposed regulations (REG-117002-25) related to the "Trump account" contribution pilot program, under which eligible children born in 2025 through 2028 can receive a $1,000 pilot program contribution from the Treasury Department. A Tax Alert is forthcoming.
Document ID: 2026-0582 | ||