IRS proposes new rules for Trump accounts and withdraws prior NPRM

The Internal Revenue Service issued a notice of proposed rulemaking that adds temporary regulations Sec. 1.530A-1T and 1.530A-7T to 26 CFR part 1. The rules set general requirements for Trump accounts, create an initial Trump account with automatic enrollment by the Secretary of the Treasury, and define qualified general contributions, including qualified stock contributions. The notice also withdraws the earlier NPRM (REG-117270-25) published March 9, 2026 (91 FR 11194) and reproposes the regulations under docket CC-00226466-26.

Authority for the proposals derives from section 530A of the Internal Revenue Code. Section 530A(a) permits the Secretary to prescribe exceptions to treating a Trump account like an IRA. Sections 530A(b)(1)(A)(i) and (b)(2)(C)(i) authorize the Secretary to create an initial Trump account and to make an election for eligible individuals. Section 530A(f)(1)(A) defines a qualified general contribution, and section 530A(f)(3)(B) defines a qualified geographic area as any area with not less than 5,000 account beneficiaries. Section 530A(i)(1) requires trustees to report to the Secretary and beneficiaries as directed.

The Treasury and IRS have devised an administrable structure that combines separate account ownership with collective investment. Each eligible individual receives a separate "auto account" governed by its own written instrument, while assets are pooled in a master group trust that satisfies Rev. Rul. 81-100, as modified. The master trust holds undivided beneficial interests for each auto account, allowing transactions without disclosing individual return information. Claimants must independently submit identity verification and legal authority before accessing account information.

Comments on the proposed regulations must be submitted electronically via the Federal eRulemaking Portal by November 30, 2026, referencing IRS and docket CC-00226466-26. Paper submissions may be sent to the address listed in the notice. For technical questions, Isaac Stein of the Office of Associate Chief Counsel can be reached at (202) 317-6320; comments and hearing requests should be directed to the Publications and Regulations Section at (202) 317-6901 or email protected.