The new guidance from the US Treasury simplifies payroll contributions for child savings accounts, allowing employers to contribute up to $2,500 annually for employee dependents, free from taxes. Employees can also make pre-tax contributions directly.
This initiative is backed by a generous $6.25 billion commitment from the Michael and Susan Dell Foundation, with more than fifty companies already on board.
This story was reported by The Times of India. Read the full coverage at The Times of India.
