Sponsors (21)
The bill permanently and inflation‑indexes a $1,000 payment for eligible account holders—protecting recipients' buying power—but increases long‑term federal costs and fiscal risk that could raise deficits or crowd out other spending.
Taxpayers with eligible accounts will receive a permanent $1,000 payment (instead of a payment that would end in 2029), providing ongoing direct financial support.
Taxpayers (including low‑income individuals) with eligible accounts will have the $1,000 payment indexed for inflation after 2028, preserving its purchasing power over time.
All taxpayers could face higher federal deficits or reduced funding for other priorities because making the payment permanent and inflation‑indexed increases long‑term Treasury costs.
Taxpayers may face larger-than-expected future increases to the payment and greater fiscal exposure because indexing uses a substitution base year (2027 for 2016), which can produce bigger adjustments than initially projected.
Based on analysis of 2 sections of legislative text.
Makes a temporary $1,000 tax-code payment permanent and indexes it for inflation beginning after 2028.
Official title: To amend the Internal Revenue Code of 1986 to make permanent the Trump accounts contribution pilot program, and for other purposes.
Introduced April 15, 2026 by Adrian Smith · Last progress April 15, 2026
Makes a currently temporary tax provision permanent, continues a $1,000 annual payment tied to a special “Trump accounts” program, and indexes that $1,000 payment for inflation after 2028. It also removes language calling the program a pilot and makes minor conforming edits; the changes apply to taxable years beginning after December 31, 2026. The law revises Title 26 (the Internal Revenue Code) to eliminate the previous 2029 cutoff, adds a cost-of-living adjustment using the statutory COLA formula (with calendar year 2027 as the base), and renames and renumbers certain subsections to reflect that the pilot is now permanent.