Local newborns, children eligible for 'Trump Accounts' investments

Billionaire couple announced $6B donation Tuesday

(WASHINGTON, D.C.) – Local children are eligible to earn money right at birth through an initiative that was announced at the White House today. 

The ‘Trump Accounts’ is a tax-advantaged savings account for children under 18 and was approved through the “One Big Beautiful Bill Act."

Children born between January 2025 and December 2028 are eligible for a $1,000 deposit from the U.S. Treasury, as long as their parents open an account. 

The accounts are designed to grow with investment earnings over time, and when the child becomes an adult, the accounts generally function like a traditional IRA.

“Families and others can contribute up to $5,000 annually; the funds will be invested in a broad stock-market index, remain private property under guardian control until age 18, and, if fully funded and left untouched, could grow to as much as $1.9 million by age 28,” the White House stated. 

On Tuesday, billionaires Michael and Susan Dell also announced a $6B donation to the program that will impact approximately 25 million children. 

Their donation will go toward children ages 10 and under who were born before 2025. 

Those kids can receive $250 in seed money if they live in a ZIP code with a median family income of $150,000 or less.

The federal initiative is expected to launch in 2026 and you can get more information by

clicking here.