The Economic Times

IRS announces new rules Trump Accounts for contribution towards employees dependent children. All you need to know

Employers can now contribute $2,500 each year to Trump Accounts designed for children's savings. Alongside this, employees have the option to make pre-tax payroll contributions to these accounts. Known as Invest America accounts, the initiative seeks to boost awareness and encourage responsible savings for the future. Additionally, Michael Dell's foundation has pledged a whopping $6.25 billion to enhance savings programs for children across the U.S.