Business & Finance
Rule could let parents put $2,500 into child ‘Trump accounts’ tax-free
Key Points
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. Democracy Dies in Darkness The 7 logo The 7 LIVERule could let parents put $2,500 into child ‘Trump accounts’ tax-free Proposed guidance from the Treasury Department clarifies how employer and employee contributions to the new accounts would work.
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.
Democracy Dies in Darkness
The 7 logo
The 7
LIVERule could let parents put $2,500 into child ‘Trump accounts’ tax-free
Proposed guidance from the Treasury Department clarifies how employer and employee contributions to the new accounts would work.