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The IRS recently issued temporary regulations (T.D. 10056 (PDF - 396.26KB)) addressing the general requirements for Trump accounts, the establishment of an initial Trump account (including automatic enrollment by the Secretary of the Treasury), and qualified general contributions (including qualified stock contributions), which are a special type of contribution made to Trump accounts.
These new accounts function like traditional individual retirement accounts (IRAs) for eligible minors and generally are subject to an aggregate annual contribution limit of $5,000 (subject to a cost-of-living adjustment after 2027). In addition, under a pilot program, each qualifying child born after Dec. 31, 2024, and before Jan. 1, 2029, is eligible for a one-time $1,000 federal contribution to a Trump account, which will not count against the aggregate annual limit.
Trump accounts were introduced in last year’s major tax law and could first be established this year, but no contributions were permitted until July 4. Earlier this year, the IRS issued proposed regulations on employer contributions to the newly created Trump accounts, including applicable nondiscrimination rules.
The temporary regs were released along with an accompanying notice (CC-00226466-26), withdrawing proposed regs (REG-117270-25) from March 2026 and reintroducing them with the new guidance on automatic enrollment and stock contributions.
The temporary regulations apply to taxable years beginning on or after Jan. 1, 2026, and expire three years after the date of publication in the Federal Register.
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