Babies will get their $1,000 ‘Trump accounts’ in 2026 – along with tax complications

Image credit: Oleksandr Pidvalnyi via Pixabay. Article by Medora Lee. USA Today – December 31, 2025.

Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said. Trump accounts are savings accounts to encourage children and families to save and build wealth for the many expenses of adulthood. Starting in July, the government will seed the accounts with $1,000 for all children born in the years 2025 to 2028 with a Social Security number, thanks to the tax and spending package passed last summer. […]

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