IRS Adopts Automatic Enrollment for 'Trump Accounts' and Proposes New Funding Rules

The IRS has announced it will automatically open 'Trump accounts' for over 60 million additional children in 2026, affecting 73 million children across 44 million families. New proposed rules also allow private donors to fund large, class-based contributions to these accounts, including publicly traded stock. This policy shift departs from earlier proposals that required an opt-in process, addressing concerns that many families might be excluded due to unfamiliarity with tax filing.