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.