Trump accounts are an investment account for kids, but the funds aren't tax-free. Here's what families need to know.
President Donald Trump mentioned Trump Accounts for kids during his State of the Union address. Who qualifies for the Trump accounts at $1,000 seed?
What are Sec. 530A Trump accounts, and how should CPAs advise families? This Q&A breaks down contributions, investment limits, and planning considerations practitioners need to understand.
The president’s $1,000 investment accounts for children are part of a new federal program. President Donald Trump touted a program during his State of the Union address Tuesday that created investment ...
Millions of American parents are opening Trump Accounts for children born between 2025 and 2028. This federal savings program provides a $1,000 government deposit. Families can contribute up to $5,000 ...
For the "Trump accounts," babies born between Jan. 1, 2025, and Dec. 31, 2028, will receive $1,000 from the federal government. Parents can make additional deposits but aren’t required to. RELATED: ...
Tax benefits, fees, matching grants, and investment options are key to getting the most money for your kid’s education.
The IRS describes these accounts as a type of “traditional individual retirement account (IRA) that is established for the ...
An education IRA is a tax-advantaged savings account that can be used to pay for education expenses. Funds in these accounts, which are also known as Coverdell education savings accounts (ESAs), can ...
Smart choices like 529 plans, high-yield savings and low-fee checking accounts can help families organize college money early, reduce fees and cut reliance on debt.