The IRS is weighing factors such as applying non-discrimination rules and the choice of trustee as it writes additional guidance for the implementation of Trump Accounts for employers and workers later this year.
Kevin Knopf, a senior technician reviewer in the IRS Office of Chief Counsel, spoke Friday about those and other issues the agency is considering at the American Bar Association Section of Taxation 2026 May Tax Meeting. Non-discrimination rules are intended to ensure Trump Account contributions don’t favor highly compensated or non-highly compensated workers.
“The statute directs us to apply similar rules to the rules under section 129, ...