Treasury issues rules letting firms add tax-free contributions to employee Trump Accounts

Treasury Secretary Scott Bessent announced detailed instructions for employers to fund employee Trump Accounts, a tax-deferred savings option for children created under President Donald Trump’s One Big Beautiful Bill Act. Under the new rules, firms may contribute up to $2,500 per dependent each year, either pre-tax or as an addition to gross wages, provided they satisfy five criteria: maintaining a separate written plan, certifying the beneficiary’s age and dependent status, issuing notices to employees, delivering annual statements, and reporting to the Trump Account trustee.

The Treasury reports that 50 companies have committed to making such contributions. A senior Treasury official disclosed that more than 7 million Trump Accounts have been claimed, with total contributions exceeding $1.5 billion from personal, philanthropic and government sources.