26 USC 6659 - Improper claim for Trump account contribution pilot program credit

U.S Code last checked for updates: Aug 17, 2025

§ 6659.

Improper claim for Trump account contribution pilot program credit

(a)

In general

In the case of any individual who makes an election under section 6434 with respect to an individual who is not an eligible child of the taxpayer—

(1)

if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or

(2)

if such election was made due to fraud, there shall be imposed a penalty of $1,000.

(b)

Definitions

(1)

Eligible child

(2)

Negligence; disregard

(Added Pub. L. 119–21, title VII, § 70204(d)(2), July 4, 2025, 139 Stat. 188.)

cite as: 26 USC 6659