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Trump Accounts for Kids Explained | Fort Wayne News
The Treasury just unveiled “Trump Accounts” — a new tax-advantaged savings tool for kids, letting employers contribute up to $2,500 pre-tax annually, with employees able to add their own pre-tax dollars. Kids under 18 can have accounts set up before their 18th birthday, and the government is kicking things off with a $1,000 seed contribution for babies born between 2025–2028. Philanthropists are also adding seed money, and anyone — family, friends, employers — can contribute up to $5,000 yearly with no limits from charities or governments. Over 50 companies including Vanguard and Visa are…
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