WASHINGTON, DC — Congressman August Pfluger celebrated Monday the launch of Trump Accounts, made possible by Congressional Republicans passing the Working Families Tax Cuts Act last year.
Trump Accounts have been in the making since 2025 and was officially launched on July 4.
A Trump Account is a new tax-advantaged investment account created for American children, established under the Working Families Tax Cuts Act.
Every eligible child born between January 1, 2025, and December 31, 2028, receives a $1,000 seed deposit from the U.S. Treasury to kick-start their account, with contributions from family, friends, and employers helping the fund grow tax-deferred over time, according to the press release.
“Trump Accounts are now live, giving every child a stake in the American Dream from day one, thanks to President Trump,” U.S. Treasury Secretary Scott Bessent stated. “The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child’s account, exploring financial education modules, and more.”
Learn more about Trump Accounts HERE.
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