Treasury to Deposit $1,000 Into Each Eligible Trump Account

The Internal Revenue Service (IRS) and the Department of the Treasury proposed regulations that provide guidance on the pilot phase of the Trump Accounts, which will see the Treasury make a one-time $1,000 contribution to eligible accounts, the IRS said in a March 6 statement. The tax-advantaged Invest America accounts, commonly called Trump Accounts, were established under the One Big Beautiful Bill Act signed into law by President Donald Trump last July. Any child younger than 18 who is a U.S. citizen and has a valid Social Security number can open a Trump account. In addition, children born between Jan. 1, 2025, and Dec. 31, 2028, will receive a $1,000 initial seed contribution from the government....