Watchdog Warns Poor Trump Account Execution Will Limit Use

Implementation issues may jeopardize the popularity of so-called Trump accounts, a nonprofit led by the former National Taxpayer Advocate said.

The new savings vehicle for children, created through the 2025 GOP tax-and-spending law, comes with a $1,000 initial contribution from the federal government for babies born over the next several years.

But the program poses unique challenges for Treasury and IRS, which must build the operational systems required to host, seed, and monitor the accounts.

The Center for Taxpayer Rights, led by Nina Olson, said in a January letter to Treasury that multiple issues plague the accounts, including that the ...