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Trump Accounts Give Kids $1K Start | Oakland News
Starting July 4th, every child born in the U.S. between January 1, 2025, and December 31, 2028, will get a $1,000 government deposit into a new “Trump Account” — a tax-advantaged savings vehicle designed to give kids a financial head start. Parents can sign up when filing taxes, and family, friends, and even corporations can contribute up to $5,000 and $2,500 respectively — with corporate donations being tax-deductible. Big companies are already matching contributions, and some states may join in. The money is invested in the stock market via a broad index fund, growing over time through…
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