Trump Accounts Regulatory Updates (May 2026)

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released Notice 2025‑68, outlining their plans to develop regulations for section 530A of the Internal Revenue Code—the provision that creates “Trump Accounts.” 

Trump Accounts are federally administered savings accounts created for eligible children under section 530A of the Internal Revenue Code. The program provides an initial $1,000 federal contribution for qualifying children and allows families, employers, and state or local governments to make additional contributions, with funds invested only in low‑fee index‑tracking mutual funds or ETFs that charge no more than 0.1 percent in annual fees. For state and local governments, Trump Accounts may offer a new tool to support family financial stability, promote long‑term savings, or even serve as an employee benefit—making it important for finance officers to understand how contributions work and what the IRS is proposing.