How Families Can Claim a $1,000 Investment Account for Eligible Children
· Texas Border Business
The Trump Account program allows every child in the U.S. under 18 to open an investment account. Children born between January 1, 2025, and December 31, 2028, will receive a one-time federal contribution of $1,000, invested in a low-cost U.S. stock index fund. Parents or guardians can apply online or via IRS Form 4547. Additional contributions up to $5,000 annually can be made by family members and employers. Program leaders anticipate securing over $100 billion in contributions within the first year, aiming to fund accounts for around 70 million children, promoting personal savings and long-term investment.
AI summary · Source: Texas Border Business →
