Skip to content

Menu

Jackson Lewis P.C.  logo
HomeAboutServicesContactSubscribe
Search
Close

Benefits Law Advisor

Insights on benefits counseling and litigation issues impacting employers nationwide

Trump Account

Subscribe to Trump Account via RSS

New Tax-Advantaged Savings Accounts for Children: Trump Accounts Expected to Go Live in 2026

By Sasha Rousseau (Law Clerk for the Employee Benefits and Executive Compensation Practice Group) & Kellie M. Thomas on December 10, 2025
Posted in Big Beautiful Bill, COLA Cost of living Adjustment, IRA, IRS Guidance, OBBBA, One Big Beautiful Bill, Trump, Trump Account

Takeaways

A provision of the One Big Beautiful Bill Act created “Trump Accounts,” a new type of individual retirement account (IRA) for children. Starting in 2026, a Trump Account may be opened for any child who is a U.S. citizen, has a Social Security number, and who will still be under age 18 by the…

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
…
Jackson Lewis JacksonLewis.com

Stay Connected

Disability, Leave & Health Management Blog Subscribe to this blog via RSS Follow Us on Twitter Add us on Facebook View Our LinkedIn Profile

Topics

Archives

Blog Authors Show/Hide

  • Melissa Ostrower
  • Joseph J. Lazzarotti
  • Monique Warren
  • Robert R. Perry
  • Suzanne G. Odom
  • Kellie M. Thomas
  • Joy M. Napier-Joyce
  • Stephanie O. Zorn
  • David M. Pixley
  • Raymond P. Turner
  • René E. Thorne
  • Keith A. Dropkin
  • Kathryn W. Wheeler, CEBS
  • Natalie M. Nathanson
  • Tia L. Martarella
  • Craig A. Day
  • Lindsey H. Chopin
  • Kent Maze
  • Tenechia D. Lockhart
  • Stacey C.S. Cerrone
  • Charles F. Seemann III
  • Caitlin M. Britos
  • Brian P. Goldstein
  • Sasha Rousseau (Law Clerk for the Employee Benefits and Executive Compensation Practice Group)
  • M. John Burgess
  • Howard Shapiro
  • Alec Nealon
  • Patricia Anderson Pryor
  • Jenifer M. Bologna
  • William Robert Gignilliat, IV
  • Tasos C. Paindiris
  • Teresa Burke Wright
  • Robert W. Rachal
  • Richard I. Greenberg
  • Kathryn Montgomery Moran
  • C. John Wentzell, Jr.
  • Hunter Cyran
  • Ellison F. McCoy
  • Bria M. Cochran
  • Andrea Rosato
  • Adam R. Carlisle
  • Terri Bowman
  • Scott Fennell
  • Robert Pfeifer
  • Peter N. Moss
  • Paige
  • Mei Fung So
  • Megan Sramek
  • lbarksdale
  • Lara Hamm
  • Gayla Kirkland
  • Joanne Marsh
  • Jessica Poot
  • Douglas J. Klein
  • Cepideh Roufougar
  • Courtney H. Soltero
  • Camille​​​​ Garcia‑Mendoza
  • Ann Albertson
  • Abby Bradfield
  • Abby Graber

Recent Upates

  • HIPAA Notices of Privacy Practices: A February 2026 Deadline Employers Should Not Miss
  • The New Year and the OBBBA! What to Expect…
  • Proposed Legislation to Make PBMs ERISA Fiduciaries and Disclose Compensation
  • New Tax-Advantaged Savings Accounts for Children: Trump Accounts Expected to Go Live in 2026
  • IRS Guidance on Claiming the New Tax Deduction for Tips and Overtime Pay

Jackson Lewis Blogs

  • Affirmative Action & OFCCP Law Advisor
  • California Workplace Law Blog
  • Collegiate & Professional Sports Law Blog
  • Corporate Governance & Internal Investigations Advisor
  • Disability, Leave & Health Management Blog
  • Drug & Alcohol Testing Law Advisor
  • E-Discovery Law Today
  • Employment Class & Collective Action Update
  • ERISA Litigation Advisor
  • Healthcare Workplace Update
  • Immigration Blog
  • Labor & Collective Bargaining
  • Non-Compete & Trade Secrets Report
  • OSHA Law Blog
  • The EPL Advisor
  • Wage and Hour Law Update
  • Workplace Privacy, Data Mgmt & Sec Report

Jackson Lewis

44 South Broadway, 14th floor
Suite 200
White Plains, NY 10601
Phone: (914) 872-8060
Fax: (914) 946-1216
Disability, Leave & Health Management Blog Subscribe to this blog via RSS Follow Us on Twitter Add us on Facebook View Our LinkedIn Profile
Privacy PolicyDisclaimer

About Jackson Lewis

Focused on employment and labor law since 1958, Jackson Lewis P.C.’s 1,100+ attorneys located in major cities nationwide consistently identify and respond to new ways workplace law intersects business. We help employers develop proactive strategies, strong policies and business-oriented solutions to cultivate high-functioning workforces that are engaged and stable, and share our clients’ goals to emphasize belonging and respect for the contributions of every employee.

Read More...
Copyright © 2026, Jackson Lewis P.C. All Rights Reserved.
Law blog design & platform by LexBlog LexBlog Logo