Trump Account paycheck rules

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.

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.

Susan Dell philanthropy goes beyond Trump Accounts

Michael Dell pledges $6.25bn to Trump Accounts after giving $750m to UT Austin

Michael Dell and Susan Dell are the biggest private donors to Trump Accounts, with a $6.25 billion pledge putting $250 into the investment accounts of 25 million American children. Before this, their home state of Texas was the main focus of their philanthropy. In April, the couple committed $750 million to UT Austin for a new AI-native medical campus, becoming the university's first billion-dollar donors.