The OBBBA has introduced a new program that will provide financial support for children born between 2025–2028. Details are as follows:

✅ $1,000 Initial Contribution – The federal government will automatically open a “Trump Account” and deposit $1,000 for each eligible child.

👶 Eligibility – Children born in the U.S. between Jan. 1, 2025 and Dec. 31, 2028, with SSNs. Both parents must also have SSNs.

🎯 Purpose – These accounts are designed to help young adults save for the future: college, a first home, or even starting a business.

💵 Additional Contributions – Parents, grandparents, or others can contribute up to $5,000 annually (after-tax). Funds will be invested in a low-cost U.S. stock index fund.

🏦 Withdrawals – Allowed from age 18 for qualified expenses, taxed at long-term capital gains rates. Early, non-qualified withdrawals face penalties and ordinary income tax. At age 30, full access is granted without restriction.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.