"An employee can exclude up to $2,500 (indexed to inflation after 2027) from income per year for contributions paid by the employer to the Trump account of the employee or the employee’s dependent via a §128(c) Trump account contribution program." Does this mean if you have employees under the age of 18 the employer can contribute 2500.00 to the employees account?
"An employee can exclude up to $2,500 (indexed to inflation after 2027) from income per year for contributions paid by the employer to the Trump account of the employee or the employee’s dependent via a §128(c) Trump account contribution program." Does this mean if you have employees under the age of 18 the employer can contribute 2500.00 to the employees account?
Yes, pursuant to the written plan.