The proposed rules move the federal government closer to operationalizing Trump Accounts, a savings vehicle for children.

The IRS and Treasury proposed new rules for Trump Accounts, including details for make the elections to open an account and take the federal seed money if eligible to do so.

The IRS announced a series of proposed rules that would determine eligibility and timing for the $1,000 government seed payments, among other aspects of the Trump Accounts.

Proposed regulations under Sec. 530A provide information on how to open initial Trump accounts, and proposed regulations under Sec. 6434 provide guidance on the program that provides $1,000 contributions to Trump accounts for eligible children.

More than 800,000 people waiting for their tax refunds face weeks of delays related to banking information. Democratic lawmakers U.S. Reps. Terri Sewell of Alabama and Danny Davis of Illinois sent a letter to the IRS earlier this month with concerns about delays to tax refunds,

The IRS is hitting the pause button on some tax refunds this filing season, and one small code is making a big difference. If you get a letter labeled CP53E, the clock starts ticking. You generally have 30 days to log in to your IRS online account and add or fix your direct deposit information.