India, Aug. 12 -- The U.S. Department of the Treasury has said that it will allow employers to contribute directly to Trump Accounts up to $2,500 tax-free each year for employees' dependents and give employees the option to contribute pre-tax dollars directly to those accounts.
This was the highlight of guidance that the Treasury announced Tuesday addressing employer-sponsored programs for contributions to Trump Accounts, including arrangements that allow employees to make pre-tax contributions to the Trump Accounts of their dependents. The guidance also accommodates employers that have committed to, and those that are interested in, contributing directly to an employee's dependent's Trump Account by providing flexible and non-restrictive ...