The One Big Beautiful Bill, which I voted for in July, authorized a $1,000 deposit into a "Trump Account" for every child that is a U.S. citizen and born in the U.S. between 2025 and 2028. Launching July 5, 2026, these accounts will officially open, providing every American child with a direct, tangible link to a young person’s two best financial allies — time and compounded interest. Trump Accounts will be in the name of the child and are tax-deferred with withdrawals allowed for specific purposes starting at age 18. Parents, employers and others can contribute up to $5000 annually to these accounts.
This transformative policy ensures the next generation will have a significant, tax-advantaged nest egg waiting for them at age 18. Whether the funds are used to support higher education, start a new business, or pay for a first home, this money is transformational to kickstart the American Dream with lifelong financial security.
To learn more about Trump Accounts, click here.