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Politics News

The Times of India

Politics / The Times of India

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Months after Dell's $6.25B pledge, Trump Accounts get new rules

The new guidance from the US Treasury simplifies payroll contributions for child savings accounts, allowing employers to contribute up to $2,500 annually for employee dependents, free from taxes. Employees can also make pre-tax contributions directly. This initiative is backed by a generous $6.25 billion commitment from the Michael and Susan Dell Foundation, with more than fifty companies already on board.

2 Sep 2026 2:11 pm