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Trump Accounts explained: How they work, who qualifies.
personal finance :: 2hrs ago :: source - yahoo finance
By Elizabeth Djinis
President Trump's One Big Beautiful Bill Act introduced a new savings and investing vehicle for families known as Trump Accounts.
They function as a type of tax-deferred savings account for those under 18, and they come with a starter package for any U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028: a $1,000 deposit from the government. The goal is to allow young people access to a tax-deferred investment account that will earn and grow, and later be used for things like college or buying a first home.
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