Trump Accounts launch: What are they, and how to qualify?

Trump Accounts, individual investment accounts for children under 18, were launched on July 4 under the Working Families Tax Cuts. A pilot program deposits $1,000 for U.S. citizens born between 2025 and 2028, with private contributions from Michael Dell and Sanjay Mehrotra. Parents or guardians can open accounts via the IRS using Form 4547, with funds accessible at age 18 for education or first-home purchases.