Parents could put pre-tax paycheck money into Trump Accounts, with employers matching, Treasury says

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• CNBC left

  Parents could put pre-tax paycheck money into Trump Accounts, with employers matching, Treasury says
• The Hill center

  The Treasury Department and Internal Revenue Service (IRS) announced guidelines for employer-sponsored programs for contributions to Trump accounts, a tax-deferred investing option for children. The Tuesday announcement outlines a process that parents could use to make pre-tax contributions to their child’s Trump account directly from their paychecks with a potential match from employers. “Today, Treasury…
• The Washington Post left

  Parents would be able to contribute up to $2,500 per year tax-free to their “Trump accounts” through their paycheck under a proposed rule from the Treasury Department. The proposal would expand the savings options for the newly created accounts.