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IRS Updates Rules for Trump Accounts Affecting 60 Million Parents

Original: The IRS Just Changed the Rules for Trump Accounts. Here's What 60 Million Parents Need to Know

The IRS has issued new guidance changing the rules for the new Trump accounts, the tax-advantaged savings accounts created for children under recent legislation. An estimated 60 million parents may be affected, and personal finance outlets are outlining what the updated rules mean for families planning to open or manage these accounts.

Why now: Fresh IRS guidance affects how millions of parents can use the newly created children's savings accounts.

IRSTrump accountsUS TreasuryAmerican families

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• The IRS Just Changed the Rules for Trump Accounts. Here's What 60 Million Parents Need to Know · 24/7 Wall St.

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