Trump Accounts Get Official IRS Rules: Stocks, Enrollment, Total WTF!
Published Date: 9/30/2026
Proposed Rule
Summary
The IRS is rolling out new rules for Trump accounts, which affect trustees, beneficiaries, and donors. These rules cover how to set up accounts, automatic enrollment, and special contributions like qualified stock. Comments on these changes are open until November 30, 2026, so get ready to weigh in!
Analyzed Economic Effects
5 provisions identified: 3 benefits, 1 costs, 1 mixed.
Secretary automatic enrollment of child accounts
The Secretary of the Treasury can create each individual's initial Trump account and automatically enroll eligible children into separate “auto accounts” that hold a proportionate interest in a master group trust. The preamble says this automatic enrollment will result in millions of children having Trump accounts and describes a structure that keeps account-level records while investing assets collectively.
New reporting and recordkeeping burdens on trustees
Trustees of Trump accounts must follow new reporting, third‑party disclosure, and recordkeeping rules when accounts are claimed or hold non‑eligible investments. The Paperwork Reduction Act tables estimate 63,360,000 respondents for the auto-account claiming collection with an average 6 hours per response (total annual burden 6,336,000 hours) and additional collections for situations when non‑successor qualified stock or other property is held.
Donor rules for qualifying geographic contribution areas
An eligible donor proposing a qualified geographic area for a general funding contribution must provide one or more five‑digit ZIP codes; the area is a qualified geographic area only if at least 5,000 account beneficiaries in their growth period reside there and either (1) the included ZIP codes are contiguous and do not enclose excluded ZIP codes, or (2) the included ZIP codes map to ZIP Code Tabulation Areas with median household income below the section 414(q) highly compensated threshold (indexed).
ABLE rollover timing and full-balance transfer rule
A qualified ABLE rollover contribution must be a direct trustee‑to‑trustee transfer of the entire Trump account balance to an ABLE account during the calendar year the account beneficiary attains age 17. The IRS is considering procedures to allow either (a) making the transfer as part of the auto‑account claim process directly to an existing ABLE account, or (b) requiring the auto account to be claimed first and then directing the trustee to transfer the balance.
Rules for disclaiming unclaimed auto accounts
An account beneficiary (or an authorized person under local law) may disclaim an unclaimed auto account only if the account has not been claimed, has not received a $1,000 pilot program contribution under section 6434, and the beneficiary has attained age 18; the Secretary must receive the disclaimer no later than nine months after the date the beneficiary attains age 21 and the disclaimer must meet the qualified disclaimer rules of section 2518. If a valid disclaimer is made, the beneficiary gives up all rights to the auto account.
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Key Dates
Department and Agencies
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