IRS Clarifies Trump Account Rules as Auto-Enrollment Reaches Millions of Children
The Internal Revenue Service has updated the rules governing Trump Accounts, the new child savings vehicles now being rolled out across the United States, as federal officials say more than 60 million children have been automatically enrolled. The change adds urgency for parents, employers and financial institutions trying to understand how the accounts work, who qualifies, and what the default enrollment means for families and markets tied to long-term savings flows.
