Donald Trump Speaks at Trump Accounts Summit
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President Donald Trump speaks at the Trump Accounts Summit in Washington, DC, Wednesday, January 28.
“President Trump’s tax cuts for working families include a revolutionary new program – Trump accounts – giving America’s future a stake in America,” the Treasury Department said when announcing the event. “Trump accounts allow parents, guardians or other custodians to establish a new type of tax-advantaged individual retirement account for their children.”
“Children born between January 1, 2025 and December 31, 2028 are eligible to receive $1,000 from Treasury as a contribution to the pilot program,” they explained. “In addition to the pilot program, parents can contribute up to $5,000/year and employers up to $2,500/year. »
