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IRC Sec 128

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New Tax-favored Benefit for Employees with Children

By Monique Warren on July 30, 2025
Posted in IRA, IRC Sec 128, IRC Sec 530A, One Big Beautiful Bill, Trump Account
  • Trump Accounts are a new type of custodial savings account for children under 18, established under new Internal Revenue Code section 530A.
  • For U.S. citizen children born between January 1, 2025, and December 31, 2028, there’s a $1,000 seed contribution from the U.S. Treasury. The White House states the purpose is to “afford a
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