Trump Accounts Launch for Kids | Tucson News

The U.S. government just launched “Trump Accounts” — a new investment account for kids, officially kicking off July 4th with $1,000 deposited into each eligible child’s account. Designed to foster early investing, the program partners with Robinhood and BNY Mellon, and kids born between Jan 1, 2025, and Dec 31, 2028, qualify. Parents can add up to $5,000 yearly (the initial $1,000 doesn’t count), employers can contribute up to $2,500, and there’s an app to track progress. Tax pros will prompt parents to sign up via Form 4547 at birth — making it easy to start building financial futures from day one. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7161a1a0f5d70cb5