US EditionNew Details On $1K 'Trump Accounts' For MA Babies
The federal government provides $1,000 seed funding and Michael and Susan Dell contribute $6.25 billion to support savings accounts for children in lower-income ZIP codes.
- On Tuesday, the Internal Revenue Service issued updated guidance on Trump Accounts and said it will continue providing updates via IRS.gov.
- Created under the One Big Beautiful Bill Act, the program encourages parents and families to save and build generational wealth or convert Trump Accounts into an IRA for retirement.
- To open an account, parents must file IRS Form 4547, and eligible children born January 1, 2025 through December 31, 2028 receive a one-time $1,000 pilot deposit invested in low-cost U.S. stock index funds with an annual fee 0.1%.
- The Dells' donation will add targeted $250 grants to the Trump Accounts of 25 million children age 10 and under in ZIP codes with median household income below $150,000, requiring accounts to be opened.
- The program goes live on July 4, 2026, parents and guardians who sign up now will be notified by May next year about finishing enrollment, and Congress could extend the federal seed funding window through 2028.
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President Trump Unveils $1,000 Trump Accounts for Kids
Photo: Diannie Chavez/The Republic / USA TODAY NETWORK via Imagn Images Dec. 3, 2025 ~ Patrick Anderson, founder and CEO of Anderson Economic Group, discusses the $1,000 Trump accounts that were unveiled yesterday. Dec. 3, 2025 ~ Peak Wealth Management President & Founder Nick Hopwood joins Ryan to talk about Michael and Susan Dell donating $6.25 billion to encourage families to claim ‘Trump Accounts‘DETROIT, MI ~ Yesterday, Uni…
Michael and Susan Dell announce $250 investment accounts for eligible children nationwide
It isn't a secret; times are financially tough for many neighbors. Brandi Kinch is a mother of 5, 6, and 17-year-old children. She says saving for the future isn't an option right now. Dell family donates $6.25 billion toward Trump accounts giving $250 to eligible kids under 10 $250 could grow to $1,200 by age 18 if invested properly in mutual funds Applications open next July for children in zip codes with median income below $150,000"Economica…
IRS makes major announcement about new savings account for kids: What you should know
A new federal savings account for children known as “Trump Accounts,” is on the verge of launching — and the IRS advises parents, guardians and families across the country to pay close attention to updates concerning the accounts.
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