Trump Accounts Created by OBBBA: A Comprehensive Guide for Accounting and Finance Professionals
Description
Trump Accounts, created under OBBBA, are a new and evolving savings vehicle. Recent guidance, including Notice 2025-68 and proposed regulations, clarifies how these accounts are established and administered. This program provides a practical overview of Trump Accounts, including eligibility, account establishment, contribution rules, and tax treatment. It explains the distinction between the account under IRC § 530A and the pilot contribution program under IRC § 6434, along with employer contributions and coordination across multiple funding sources. Participants will also review investment limitations, distribution rules, and the transition to IRA treatment at age 18, as well as key planning considerations and compliance risks under current guidance.
Objective
Identify the requirements for establishing a Trump Account under IRC § 530A Distinguish between the Trump Account structure and the pilot contribution program under IRC § 6434 Determine eligibility for both account establishment and pilot program contributions Apply contribution rules, including employer contributions and aggregate limits, to client scenarios Evaluate the tax treatment of contributions and distributions from Trump Accounts Recognize investment limitations and operational rules during the growth period Analyze how Trump Accounts compare to other savings vehicles for planning purposes
Attendee Information
Denise Appleby, MJ, APA, CISP, CRPS, CRC
Required Knowledge
None
Credit Types
- CPE – Taxes
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRS74126: Registration – Member | Mem | $105 |
| WRS74126: Registration – Non-Member | NM | $230 |
The North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.