Series Episode 10 | One Big Beautiful Bill
New saving opportunity for parents: Introducing “Trump Accounts”
If you have a child (or plan to have one) between 2025 and 2028, the One Big Beautiful Bill Act, signed July 4, 2025, introduces a powerful new savings account called a Trump Account.
What you need to know:
- These tax-advantaged accounts are for children under 18.
- Parents (and certain employers) can contribute up to $5,000 per year.
- Withdrawals are permitted only after the child turns 18, encouraging long-term investing.
- Babies born between 2025 and 2028 qualify for a one-time $1,000 government seed deposit.
Contributions kick off starting July 4, 2026, and must be invested in things like low-cost mutual funds or ETFs to qualify.
Want to get ahead and make the most of this opportunity for your child’s future?
Connect with Leader CPA for personalized guidance.
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