Trump Accounts for All Generations Act

Section 6434(c)(1) of the Internal Revenue Code of 1986 is amended by striking and before January 1, 2029,.

Section 6434 of such Code, as amended by subsection (a), is amended—

(1) by redesignating subsections (h) and (i) as subsections (i) and (j), respectively, and

(2) by inserting after subsection (g) the following new subsection:

In the case of any taxable year beginning after 2028, the $1,000 amount in subsection (a) shall be increased by an amount equal to— If any increase under this subsection is not a multiple of $100, such increase shall be rounded to the next lowest multiple of $100.

(1) such dollar amount, multiplied by

(2) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting calendar year 2027 for calendar year 2016 in subparagraph (A)(ii) thereof.

(1) Section 6434 of such Code, as amended by the preceding provisions of this section, is amended by striking pilot in the heading thereof.

(2) Section 6213(g)(2)(AA) of such Code is amended by striking pilot.

(3) Section 6659 of such Code is amended by striking pilot in the heading thereof.

(4) The item relating to section 6434 in the table of sections for subchapter B of chapter 65 of such Code is amended by striking pilot.

(5) The item relating to section 6659 in the table of sections for part I of subchapter A of chapter 68 of such Code is amended by striking pilot.

The amendments made by this section shall apply to taxable years beginning after December 31, 2026.