The IRS just released its first guidance on “Trump Accounts”, a brand-new tax-advantaged savings account for kids under the Working Families Tax Cut Law. ✔️ Parents, guardians, and others will be able to open accounts for eligible children ✔️ No contributions can be made until July 4, 2026, which means now is the time to prepare ✔️ The federal government will deposit a one-time $1,000 into each eligible child’s account (for children born 2025–2028) Would you open a Trump account for your child?
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The IRS just released its first guidance on “Trump Accounts”, a brand-new tax-advantaged savings account for kids under the Working Families Tax Cut Law. ✔️ Parents, guardians, and others will be able to open accounts for eligible children ✔️ No contributions can be made until July 4, 2026, which means now is the time to prepare ✔️ The federal government will deposit a one-time $1,000 into each eligible child’s account (for children born 2025–2028) Would you open a Trump account for your child?
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