US EditionBessent says there will be no restrictions on how ‘Trump Accounts’ for children can be used
The Treasury will invest $1,000 in U.S. stock market accounts for eligible children, with family members able to contribute up to $5,000 annually, officials said.
- President Trump signed the One Big Beautiful Bill Act, establishing Trump Accounts with a $1,000 initial government deposit for every U.S. newborn from 2025 to 2028.
- Families can contribute up to $5,000 annually starting July 4, 2026, with funds locked until age 18.
- Treasury Secretary Scott Bessent stated there are no restrictions on how children can use these accounts once they turn 18.
- Dell CEO Michael Dell announced a $6.2 billion commitment to assist 25 million children with financial support through Trump Accounts.
13 Articles
13 Articles
Analysis by Elisabeth Buchwald, CNN: US citizens born between 2025 and 2028 will soon be eligible to receive $1,000 from the Trump administration in a “Trump account,” a new tax-advantaged investment vehicle whose funds will be available once the child turns 18. While some critics say these accounts are flawed because they don’t help parents who need immediate financial support for their children, I believe the long-term benefits for children of…
Bessent says 'Trump accounts' will act as a 'trust fund' for eligible children
The "Trump accounts" were established under the One Big Beautiful Bill Act earlier this year. The pilot program will begin next year and allows parents, guardians and family members to invest up to $5,000 a year starting in July.
Bessent says there will be no restrictions on how ‘Trump Accounts’ for children can be used
Treasury Secretary Scott Bessent said Sunday that there will be no restrictions on how children can use “Trump accounts.” “So, in essence, it is a trust fund. It is a piece of the American economy for every child, and they will be able to take it out when they’re 18, or they can convert it…
Trump Accounts: Newborns get a $1,000 tax-free nest egg that grows until age 18 — American dream revival or debt nightmare?
Back in July, President Trump signed the One Big Beautiful Bill Act into law, establishing Trump Accounts — a tax-free savings program that provides a $1,000 government deposit for every U.S. newborn from 2025 to 2028. Families are permitted to contribute up to $5,000 annually starting July 4, 2026. Funds are locked until age 18, when they become available for uses like education, a first home, or business startup.The core idea behind the initia…
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