What is Trump Accounts for Kids?

Curious about Trump Accounts for kids?

Trump Accounts are tax-advantaged investment accounts for U.S. children under the age of 18. This is a new federal savings and investment program offering a $1,000 government seed deposit for eligible newborns and the ability for families and employers to contribute annually. Children born between Jan 1, 2025, and Dec 31, 2028, can receive a $1,000 government deposit to their account.

For more information regarding this please visit https://www.irs.gov/trumpaccounts