WASHINGTON, March 9 -- Internal Revenue Service has issued a proposed rule called: Trump Accounts Contribution Pilot Program.
The proposed rule was published in the Federal Register on March 9 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains proposed regulations relating to the Trump accounts contribution pilot program under which the Trump accounts of eligible children can receive $1, 000 pilot program contributions. Eligible children must be U.S. citizens with valid Social Security numbers born in 2025 through 2028. The proposed regulations would provide guidance on making an election for the Trump account of an eligible child to receive a $1, 000 pilot program contribution. The proposed regulations would ...