Trump Accounts start July 4: What parents need to know – ABC News
ABC NewsLiveVideoShows Good Morning AmericaShopGMA Interest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onNews So-called Trump Accounts for children launched Saturday, on July Fourth. "Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump," Treasury Secretary Scott Bessent wrote in a post on X Saturday. Under the new program, the Treasury Department will deposit $1,000 for each enrolled child born in the U.S. between Jan. 1, 2025 and Dec. 31, 2028. All children under 18 are able to participate in the accounts provided they have a valid Social Security number, but only those born between 2025 and 2028 will get the $1,000 deposit. The Trump Accounts are part of President Donald Trump's signature tax and spending bill that passed last year. At a summit for the Accounts in January, the president said they will be "one of the most transformative policy innovations of all time."
Published: July 4, 2026 4:57 pm
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