trump accounts

Children born between January 1, 2025, and December 31, 2028, are eligible for the Trump Accounts program, which includes a $1,000 government deposit to help build their financial future. Eligibility Criteria Age Requirement: The child must be born within the specified timeframe of January 1, 2025, to December 31, 2028. This is crucial for receiving the initial government deposit of $1,000. 2 Citizenship: The child must be a U.S. citizen and possess a valid Social Security number. 1 No Income Requirement: Unlike traditional retirement accounts, Trump Accounts allow contributions of up to $5,000 per year even if the child has no earned income. This feature is designed to encourage savings from an early age https://www.irs.gov/trumpaccounts