IRS Proposes Rules for What Can Be Bought in Trump Accounts
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Table of Contents
The Treasury Department and IRS have released a proposed rule to define what investments are allowed in “Trump accounts.” These are the new tax-advantaged savings accounts for children created by the One Big Beautiful Bill Act.
Why it matters: This is a necessary administrative step to make the new accounts functional. Without a clear list of allowed investments, banks and financial institutions would not know how to set up or manage these accounts. It is mostly about compliance and ensuring the accounts operate as intended by Congress.
Who it affects
- Parents and grandparents opening Trump accounts for newborns
This is a proposed rule from the Treasury Department and IRS published in the Federal Register; readers should check the official document for the specific list of eligible assets and the public comment deadline.
Agency: Treasury Department, Internal Revenue Service
Source: Federal Register — read the official document