Trump Accounts—created under the One Big Beautiful Bill Act—are aimed at helping children build financial assets from an early age.

President Donald Trump has recently claimed his tariffs will generate so much money that Americans could soon stop paying federal income taxes. But experts say he's overpromised.

We’re going to have this hodgepodge, weird year of rules that’s going to make reporting very difficult for employees."

Lawmakers hope that clearer notices when the IRS makes simple math or clerical fixes on tax returns should cut down on headaches for taxpayers.

President Trump said, during lengthy opening remarks at Tuesday's public cabinet meeting, that he is still hoping to use money collected from tariffs to eliminate the federal income tax and send out additional "dividends.

The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 contribution to a Trump account.

President Donald Trump is trying to turn a familiar political promise into a sweeping tax revolution, arguing that aggressive tariffs can both bankroll direct payments to households and eventually wipe out the federal income tax.

President Donald Trump was expected to sign a “Ways and Means Bill,” focused on “protecting taxpayer rights” by requiring the IRS to “show its math when changing