Times of IndiaLean R·
Months after Dells' $6.25Bn ‘gift’, US Treasury sets new Trump Account paycheck rules
New rules from the US Treasury and IRS will allow payroll contributions to Trump Accounts. Employers can contribute up to $2,500 tax-free annually for employees' dependent children. Employees will also have the option to make pre-tax paycheck contributions directly into these accounts. Michael and Susan Dell pledged $6.25 billion to fund this child savings initiative. The proposed regulations are now open for public comment before finalization.
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