The Internal Revenue Service (IRS) has proposed new regulations to implement a pilot program governing contributions to “Trump Accounts,” a new type of federally recognized savings account established under recent tax legislation.
In a proposed rule published in the Federal Register on March 9, the IRS outlined the administrative procedures and compliance requirements for the Trump Accounts Contribution Pilot Program. This program aims to test how contributions are reported, processed, and monitored for tax purposes.
Issued jointly by the Treasury Department and the IRS, the proposal appears in the Federal Register under document number 2026-04534 and falls under 26 CFR Part 301, which governs the administration of federal tax regulations.
According to the notice, the pilot program is designed to help federal officials evaluate the operational framework of these accounts before a broader rollout. The proposed regulations establish guidelines for participating financial institutions, account administrators, and taxpayers.
The IRS stated that the pilot phase will allow the agency to test systems for reporting contributions and ensuring compliance with federal tax rules. Public comments are being sought before the regulations are finalized.
The proposed rule spans approximately 10 pages and provides technical guidance on reporting requirements, administrative procedures, and oversight mechanisms. Federal officials noted that this proposal is part of a broader effort to integrate a standardized structure for these accounts into the U.S. tax system.
As is standard for federal rulemaking, the proposal will undergo a public comment period. Financial institutions, tax professionals, and other stakeholders are encouraged to submit feedback.
Following this review, the Treasury Department and the IRS may revise the proposal before issuing a final rule to determine how the accounts—and the responsibilities of those who manage them—will be governed under federal law.
Kishor Panthi
View More PostsKishor Panthi is the founder and editor-in-chief of Khasokhas and NepYork. He is the author of three books, “Kampan,” "UNTRANSLATABLE" and “Zero Mile.” He writes about social issues, immigration, and politics.
