04/07/2026
There is a new type of savings account is on the horizon for children—and parents should know the basics.
Trump Accounts are federally backed, tax-deferred investment accounts for children born between 2025 and 2028. The government contributes $1,000 at the start, and parents can add to the account over time. Funds can be used after the child turns 18 for such purposes as pursing an education, buying a first hom or starting a business.
These Accounts launch July 4, 2026—and like any financial tool, they come with rules worth understanding before you enroll.
The Law Office of Jason D. Jones, P.C is available to help families evaluate how Trump Accounts interact with their existing estate plan. Read more:
What is a “Trump Account”Trump accounts were established under the One Big Beautiful Bill Act (OBBBA) as federally backed, tax-advantaged investment accounts for American children born between January 1, 2025, and December 31, 2028. Designed for long-term growth, these accounts allow funds to be...