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Kiplinger
Kiplinger
Business
Jason “JB” Beckett

Trump Accounts Can Give Kids a Head Start in Life, But the Government's $1,000 Contribution Isn't Why

Trump Rings Opening Bell From Oval Office To Mark Trump Accounts.

A new savings vehicle aimed at helping the youngest Americans get a financial head start is now available.

Created under the One Big Beautiful Bill Act, Trump Accounts are available for any eligible child under 18 with a Social Security number. Once the account is opened, parents, relatives, even employers can contribute up to $5,000 per year per child until the age of 18.

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