Trump Accounts: New Savings Option for Young Americans
Update: 2025-12-05
Description
New Trump Accounts: A Game-Changer for Young SaversIntroducing the Trump accounts, a groundbreaking savings and investing option for young people, as part of the One Big Beautiful Bill Act. These tax-deferred accounts, open to anyone under eighteen, come with a one-thousand-dollar government deposit for U.S. citizens born between 2025 and 2028. With annual contributions capped at five thousand dollars, a child born in 2026 could potentially have over three hundred thousand dollars by age eighteen. The enrollment process is underway, with the IRS drafting the necessary forms for parents or guardians to establish accounts for their children.
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