Trump Accounts: Who is eligible, how $1,000 deposits work and how to open one
In July, a program called Trump Accounts was launched for children. It allows parents to deposit up to $1,000 per year into a tax‑deferred investment account. The money grows without being taxed until the child withdraws it. To open an account, a parent must be a U.S. citizen or resident and provide the child’s Social Security number.