{"id":46186,"date":"2026-08-11T13:54:15","date_gmt":"2026-08-11T13:54:15","guid":{"rendered":"https:\/\/financialrush.com\/?p=46186"},"modified":"2026-08-11T13:54:15","modified_gmt":"2026-08-11T13:54:15","slug":"trump-accounts-to-get-paycheck-contributions-employer-matches-treasury","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=46186","title":{"rendered":"Trump Accounts to get paycheck contributions, employer matches: Treasury"},"content":{"rendered":"

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US President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. <\/p>\n

Valerie Plesch | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The U.S. Treasury Department and IRS proposed regulations<\/a> this week on how employers and employees can fund Trump Accounts<\/a>,\u00a0the new tax-deferred investing option for children.<\/p>\n

The proposed regulations outline how certain employer contributions to Trump Accounts<\/a> may be excluded from an employee’s gross income. Employers could also allow employees to fund their dependent children’s accounts with pre-tax dollars straight from their paychecks.<\/p>\n

Trump Accounts, also known as 530A accounts, “are giving American families a new way to build wealth from day one,” Treasury Secretary Scott Bessent said in a statement Tuesday. <\/p>\n

“Today, Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving employees the option to contribute pre-tax dollars directly to those accounts,” Bessent said.<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The announcement follows the notice of proposed rulemaking on Monday<\/a> from Treasury and the IRS, detailing how employers can set up Trump Accounts. The proposal is subject to public comment and a hearing, set for October, before the agencies can finalize the rules.<\/p>\n<\/div>\n

Who can contribute to Trump Accounts<\/h2>\n
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Trump Accounts are open to any U.S. child under 18 with a Social Security number.<\/p>\n

Children born from 2025 through 2028 can receive a one-time\u00a0$1,000 deposit<\/a>\u00a0from the\u00a0Treasury Department as part of a pilot program designed to jump-start long-term savings.<\/p>\n

So far, about 7 million<\/a> children have been signed up, Bessent said in remarks during a July 27 meeting of the Financial Literacy and Education Commission<\/a>.<\/p>\n

Once an account is established, parents, guardians, grandparents, and others can contribute up to $5,000 per year until the year before the beneficiary turns 18. As part of the $5,000 limit, employers can contribute up to\u00a0$2,500 per worker<\/a>\u00a0per year. <\/p>\n<\/div>\n

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As of Tuesday, more than 50 companies have committed to Trump Account contributions for their employees, according to Treasury, with some offering to match the government’s\u00a0$1,000<\/a> seed money.<\/p>\n

While there are still some unanswered questions, employers now have a much better understanding of the administrative and compliance framework, according to Melissa Elbert, a partner of wealth\u00a0solutions at Aon,\u00a0a retirement benefits consultant for employers.<\/p>\n

A Mercer poll<\/a> of\u00a0nearly 350 U.S. employers in April found that only about 4% of companies expected to implement a Trump Account contribution program in 2026 or 2027 and that two-thirds had decided not to make contributions to these accounts. Others were undecided.<\/p>\n

Following the Treasury’s guidance, employer interest is likely to grow, Elbert said. “We saw early adoptions, and I think many more are considering it, and this guidance is going to help,” she said.<\/p>\n<\/div>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n
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