US EditionWith ‘Trump Accounts,’ your baby could qualify for $1,000. Here’s what to know
Senators Cruz and Booker urge Fortune 1000 companies to contribute to Trump Accounts, a federal program with $1,000 seed money for newborns aimed at long-term wealth building.
- On Jan. 1, 2025 the One Big Beautiful Bill Act created tax-advantaged 'Trump Accounts' seeded with $1,000 for eligible American children, with automatic openings and deposits starting in early 2026.
- Backers of the accounts argue they promote pronatalist policies and aim to expand stock market participation while countering growing support for socialist candidates.
- Parents can contribute up to $2,500 pretax annually, with a $5,000 cap, while Michael and Susan Dell pledged $6.25 billion and $250 to certain ZIP codes.
- Critics warn the accounts will exacerbate inequality, saying poor families benefit least and the program fails to offset cuts to Medicaid and food assistance programs alongside the accounts.
- Parents can sign up now using IRS Form 4547, a White House registration website will launch beginning in July, accounts open in early 2026, contributions start July 4, 2026, and the $1,000 seed could grow to $3,570 assuming a 7% return over 18 years.
31 Articles
31 Articles
The Epoch Times
The Political InsiderIRS, Treasury Issue Guidance on Trump Accounts
The Internal Revenue Service (IRS) and the Department of the Treasury have issued guidance on Trump Accounts, a new type of individual retirement account (IRA) for children, the IRS said in a Dec. 2 statement. The tax-advantaged Invest America accounts, commonly referred to as “Trump Accounts,” were established under the One Big Beautiful Bill Act signed into law by President Donald Trump in July. The plan aims to provide every newborn child a “…
Bessent sees more private contributions flowing into 'Trump accounts' for children
WASHINGTON — Treasury Secretary Scott Bessent said he expects more billionaires, foundations and corporations to contribute funds to the new "Trump accounts" for 25 million Americans born between 2025 and 2028, which he said will help them participate in asset…
Maddy Olcott plans to launch her professional career after graduation. But this junior at the State University of New York, Purchase, has no plans, for now, to start a family. Not even with the incentives offered by the Trump administration, such as the $1,000 “baby bonus” or more affordable fertility treatments. “This country wants us to be birthing machines, but they’re cutting the few resources that exist,” said Olcott, 20. “And a $1,000 bonu…
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