How Families Can Claim a $1,000 Investment Account for Eligible Children
· Texas Border Business
A new program allows every child in the U.S. under 18 to open a Trump Account, receiving a one-time federal contribution of $1,000 for those born between January 1, 2025, and December 31, 2028. This amount will be invested in a low-cost U.S. stock index fund. Parents or guardians can apply through the IRS by providing the child’s Social Security number and other details. Additional contributions of up to $5,000 annually can be made by family and employers. Program leaders expect to secure over $100 billion in contributions, aiming to fund accounts for about 70 million children over 15 years.
AI summary · Source: Texas Border Business →
