IRS Issues Notice 2025‑68 on New Accounts Under Section 530(A) of the Internal Revenue Code

by Gina Gatchell | Dec 5, 2025 | Articles

On December 4, 2025, the IRS and the Treasury Department issued Notice 2025-68 Notice of Intent to Issue Regulations with Respect to section 530A Trump accounts (‘Notice’).

The Notice:

* provides an overview of how Trump accounts will operate;

* sets out questions for which further guidance is to be issued through regulations; and

* contains a request for comments by 20 February 2026 on select issues raised in the Notice.

Trump accounts are a completely new type of tax deferred retirement account. They are designed to encourage U.S. individuals to start their retirement accounts early in life. The accounts were enacted under the 2025 OBBBA[1], and become effective for years commencing after 31 December 2025.

Section 530A defines what Trump accounts are, setting out various regulations. Importantly, these accounts need to be elected and approved by the Secretary of the Treasury Department.

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