Title 26 — Internal Revenue CodeRelease 119-73
§6659 Improper Claim for Trump Account Contribution Pilot Program Credit
Title 26 › Subtitle Subtitle F— Procedure and Administration › Chapter 68— ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter A— Additions to the Tax and Additional Amounts › Part I— GENERAL PROVISIONS › § 6659
Summary
Claiming the Trump account contribution pilot program credit for a child who is not your eligible child carries a penalty: $500 if the claim was made through negligence or disregard of the rules, and $1,000 if it was made through fraud.
Full Legal Text
Title 26, §6659
Internal Revenue Code — Source: USLM XML via OLRC
(a)In the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer—
(1)if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or
(2)if such election was made due to fraud, there shall be imposed a penalty of $1,000.
(2)The terms “negligence” and “disregard” have the same meaning as when such terms are used in section 6662.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 6659, added Pub. L. 97–34, title VII, § 722(a)(1), Aug. 13, 1981, 95 Stat. 341; amended Pub. L. 97–448, title I, § 107(a)(1), (2), Jan. 12, 1983, 96 Stat. 2391; Pub. L. 98–369, div. A, title I, § 155(c)(1), title VII, § 721(x)(4), July 18, 1984, 98 Stat. 693, 971, related to additions to tax in case of valuation overstatements for purposes of the income tax, prior to repeal by Pub. L. 101–239, title VII, § 7721(c)(2), Dec. 19, 1989, 103 Stat. 2399. Another prior section 6659 was renumbered section 6662 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to taxable years beginning after Dec. 31, 2025, see section 70204(e) of Pub. L. 119–21, set out as a note under section 128 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 6659
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73