Treasury Wants Feedback on Paperwork for Trump Accounts
Published Date: 10/23/2026
Notice
Summary
The Treasury Department is asking for public feedback on a form related to Trump Accounts, a new type of retirement account for kids under 18. They want to keep the current rules but need your thoughts by December 22, 2026. This helps make sure donations to these accounts follow the law and get to the right kids without extra hassle.
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
Creation of 'Trump Accounts' for Minors
The One, Big, Beautiful Bill Act added a new type of traditional individual retirement account called a Trump Account for eligible individuals under age 18. These accounts are a new statutory category of IRA specifically for beneficiaries who are younger than 18.
Who May Make Donor Contributions
The statute authorizes certain governmental entities and organizations described in section 501(c)(3) of the Internal Revenue Code to make donor contributions that benefit Trump Account beneficiaries. Contributions may be structured to benefit all eligible beneficiaries nationwide or statutorily permitted qualified classes such as birth-year classes and statewide classes.
Application Required to Make Class Contributions
Entities that want to make qualified class contributions must prepare and submit the Trump Accounts Qualified Class Contribution Application to Treasury. The Treasury estimates 100 respondents, one response each, 30 minutes per response, and a total annual burden of 50 hours.
Treasury Will Administer and Oversee Contributions
Treasury is responsible for administering contribution structures by reviewing donor eligibility, validating contribution structures, coordinating receipt and distribution of funds, and ensuring compliance with statutory limitations and operational requirements. The information collected via the application will support contribution agreements between Treasury and approved donor entities.
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Key Dates
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