26 U.S.C. § 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

The term “eligible child” has the meaning given such term under section 6434.

(2) Negligence; disregard

The terms “negligence” and “disregard” have the same meaning as when such terms are used in section 6662.

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