IRS Announces Intent to Issue Proposed Regulations on Trump Accounts
Published December 03, 2025
The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released Notice 2025-68 announcing upcoming proposed regulations that will provide guidance on Trump Accounts, a new type of individual retirement account (IRA) for eligible children. The notice provides a general overview of how Trump Accounts will work and addresses certain initial questions.
Specifically, Notice 2025-68 explains the process for:
- creating initial and rollover Trump Accounts;
- the $1,000 pilot program contribution;
- other contributions, including qualified general contributions and section 128 employer contributions, and
- eligible investments, distributions, reporting, and coordination with the rules applicable to other types of IRAs.
The notice addresses certain areas of interest to prospective trustees, such as parents and guardians, of Trump Accounts who would establish and/or contribute to these accounts.
Comments are requested by February 20, 2026.