CalKIDS and Trump Accounts for Kids | Sacramento News

Sacramento News Today | 2 Min News | The Daily News Now! · Aug 23, 2026 · 1m

California’s CalKIDS program is handing out up to $1,500 per kid in scholarships—over 1 million accounts opened since 2022—with millions more still unclaimed. Kids born after July 2022 get automatic cash: $250 if born between July 2022–June 2023, or $100 if born July 2023+. Every claimant gets a $25 bonus, plus $50 if you link to ScholarShare 529. Foster kids or homeless youth can qualify for top-tier amounts. Meanwhile, Trump Accounts launch July 4, 2026, letting kids under 18 open IRAs with tax-deferred growth and up to $5,000 annual contributions—potentially reaching $6,000 by age 18, even…