Financial Graphic: What Are Trump Accounts and What Do They Do?

The recently passed One Big Beautiful Bill introduced the Trump Account—a tax-advantaged investment account designed to help children start building wealth early.

đź’ˇ Key Highlights:

• $1,000 government contribution for eligible children

• Up to $5,000 annual parent contributions + $2,500 from employers

• Tax-deferred growth with long-term investing potential

• Transitions into a Traditional IRA at age 18

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