Makes permanent the Trump accounts contribution pilot program and adjusts contribution limits for inflation.
The Trump Accounts for All Generations Act amends the Internal Revenue Code to permanently extend the Trump accounts contribution pilot program. It removes the sunset date for the program and eliminates the term "pilot" from relevant sections. The bill also mandates an inflation adjustment to the $1,000 contribution limit starting from taxable years after 2028, using a cost-of-living adjustment formula. These changes apply to taxable years beginning after December 31, 2026.
The filed bill text is too short for analysis.