Home›US Markets›Equities›Treasury guidance would allow paycheck-funded pre-tax…

Treasury guidance would allow paycheck-funded pre-tax Trump Account contributions

The Treasury guidance would let parents direct pre-tax payments to a child's Trump Account from payroll, potentially increasing the value of employer matching.

Reported · Written up by our desk · Equities

The U.S. Department of the Treasury has issued guidance that could allow parents to contribute pre-tax money to a child's Trump Account directly from their paycheck, CNBC Markets reports.

The framework is designed to enable payroll-based contributions, with employers potentially matching those contributions depending on how the arrangement is set up under the guidance.

More like this

Sources