IRS and Treasury have released Notice 2025-68, providing the initial framework for Trump Accounts, a new tax-advantaged IRA for children under 18. Established under the One Big Beautiful Bill Act (“OBBBA”), these accounts feature a $1,000 federal pilot program for eligible children born between 2025 and 2028. During the “growth period,” funds are subject to strict low-fee investment mandates and distribution limits before eventually transitioning into standard IRAs.
In this TAXES – The Tax Magazine article, Groom principals Elizabeth Dold and David Levine detail how the guidance opens doors for employers and institutional contributors.
To read the article, click here.
