§6659. Improper claim for Trump account contribution pilot program credit
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Notable points in this section's history
Latest Jul 12, 2026 NOW As originally enacted Jul 4, 202526 U.S.C. § 6659
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—
if such election was made due to negligence or disregard of the rules or regulations, there shall be imposed a penalty of $500, or
if such election was made due to fraud, there shall be imposed a penalty of $1,000.
Definitions—
Eligible child— The term “eligible child” has the meaning given such term under section 6434.
Negligence; disregard— The terms “negligence” and “disregard” have the same meaning as when such terms are used in section 6662.
Notes, amendments, and revision history
(Added Pub. L. 119–21, title VII, § 70204(d)(2), July 4, 2025, 139 Stat. 188.)
Editorial Notes
Prior Provisions
A prior section 6659, added Pub. L. 97–34, title VII, § 722(a)(1), Aug. 13, 1981, 95 Stat. 341; amended Pub. L. 97–448, title I, § 107(a)(1), (2), Jan. 12, 1983, 96 Stat. 2391; Pub. L. 98–369, div. A, title I, § 155(c)(1), title VII, § 721(x)(4), July 18, 1984, 98 Stat. 693, 971, related to additions to tax in case of valuation overstatements for purposes of the income tax, prior to repeal by Pub. L. 101–239, title VII, § 7721(c)(2), Dec. 19, 1989, 103 Stat. 2399.
Another prior section 6659 was renumbered section 6662 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to taxable years beginning after Dec. 31, 2025, see section 70204(e) of Pub. L. 119–21, set out as a note under section 128 of this title.