Trump Accounts: Treasury allows employers to contribute up to $2,500 tax-free for dependents
· livemint.com
The new guidance provides a framework for employers that want to contribute directly to Trump Accounts for employees or their dependents. Treasury Secretary Scott Bessent said the rules will allow employers to contribute up to $2,500 tax-free each year for employees' dependents.
The US Department of the Treasury and the Internal Revenue Service (IRS) on August 11 issued guidance on employer-sponsored Trump Account contribution programme...