05/28/2026
The Trump Accounts for children opened up for sign up today! This is the best thing that has happened for kids in a long time! You can sign kids up from Newborns to age 17! Newborns get $1000 deposited into their account. Other children may qualify for deposits from donors like, Dell, who is giving low-income children each $100. Other companies have signed on board with donations. Employers can also deposit money into their employee's children's accounts as a benefit. Tax deduction for the business (win-win) Up to $5,000 a year can be deposited into the child's account each year and it stays there earning money until they are 18! Imagine being 18 and having the money to pay for college without student loans, start a business or to help buy a house or let it keep growing for retirement down the road!
From the IRS website:
Trump Accounts give the next generation a jump start on saving
The Working Families Tax Cuts allows parents, guardians and other authorized individuals to establish a new type of individual retirement account for their children, called Trump Accounts. The account is for a child who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number.
The account features a pilot program contribution of $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, and who are U.S. citizens with a valid Social Security number.
There is more information on the https://www.trumpaccounts.gov/ website.
https://trumpaccounts.gov/
