The IRS has released initial guidance on contributions, limits and withdrawals for the new Trump accounts authorized under the One Big Beautiful Bill Act—as well as how to apply to open one. Trump ...

These are the first official rules for a new kind of tax-advantaged savings account designed for minors born from 2025 through 2028. The Department of the Treasury and the Internal Revenue Service ...

WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service unveiled new guidance this week on the launch of “Trump Accounts,” a forthcoming class of individual retirement accounts for ...

An update on regulations and guidance surrounding Trump Accounts—which are a new type of Individual Retirement Account (IRA) for children under 18, created under the Working Families Tax Cuts ...

While some functions of the agency — including preparing for the upcoming tax season — had continued throughout the shutdown, most were limited after the first week, and restarting them will require ...

But the IRS is no doubt preparing for the possibility of a shutdown. "There's this legal framework around government spending, and the Anti-Deficiency Act basically says you can't spend that which you ...