Treasury Announces Employer Contributions to Trump Accounts, Drawing Corporate Support

WASHINGTON, D.C. — The U.S. Department of the Treasury today announced guidance 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 rules.“Trump Accounts are giving American families a new way to build wealth from day one,” said Treasury Secretary Scott Bessent. “Today, Treasury is publishing guidance that will help families grow Trump Accounts by allowing employers to contribute up to $2,500 tax-free each year for employees’ dependents and giving employees the option to contribute pre-tax dollars directly to those accounts.”The Working Families Tax Cuts allows employees to make pre-tax contributions through an employer cafeteria plan to their dependents’ Trump Accounts.