New IRS Rule: How to Open a "Trump Account" for Your Kids (Tax-Free Growth)

New IRS Rule: How to Open a "Trump Account" for Your Kids (Tax-Free Growth)

A new era in financial planning for American families is here! In this video, we break down everything you need to know about the new "Trump Accounts" introduced under the One Big Beautiful Bill Act (OBBBA). 🇺🇸

Learn how this dedicated savings vehicle works, how to claim the $1,000 government pilot program deposit, and how to secure a tax-free financial future for your children.

👇 IN THIS VIDEO, YOU WILL LEARN:

What is a Trump Account and who is eligible?

How to get the $1,000 federal deposit + $250 bonus.

Understanding the tax-free growth benefits (like a Roth IRA for minors).

Contribution limits and employer matching rules.

Step-by-step guide to filing IRS Form 4547 to open an account.

Don't miss out on this opportunity to give your child a massive financial head start!

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📢 IMPORTANT LINKS:

Official IRS Trump Account Page: [https://www.irs.gov/]

Download Form 4547: [https://www.freetaxusa.com/answer/12376]

⏱️ TIMESTAMPS (Chapters): 00:00 - Introduction: A New Era of Savings 00:44 - What is a Trump Account? (IRA for Minors) 01:55 - IRS Guidance & Incentives 03:02 - Eligibility Rules (Who Qualifies?) 03:46 - The $1,000 Government Pilot Program Bonus 04:33 - The $250 Dell Bonus Explained 05:25 - Annual Contribution Limits ($5,000 Cap) 06:33 - Tax Benefits & Compound Interest 07:05 - Employer Contributions 08:20 - How the Money is Invested (S&P 500) 09:07 - Withdrawal Rules & Restrictions (Age 18) 10:38 - How to Open an Account (Form 4547)

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