‘Trump Accounts,’ explained.
Yahoo Finance·2025-06-14 14:30
Government Policy & Investment - The federal government proposes depositing $1,000 in a tax-advantaged investment account for each child born from the beginning of 2025 through the end of 2028 [1] - Families and others can contribute up to $5,000 per year to the account after the initial $1,000 deposit [1] - Investment returns will be taxed as long-term capital gains only when withdrawn for specific purposes like higher education, job training, starting a business, or first home down payment [2] Market Impact - CEOs are showing support for the Republican-backed Trump accounts [1] - The money would grow tax-free as long as it's invested in a broad stock index [2]