With an eye on the next generation, a new Trump Accounts proposal aims to turn tax season into more than a yearly chore – recasting it as a first step toward building lasting wealth.
Tucked inside President Donald Trump’s sweeping One Big Beautiful Bill Act, the plan would create government-backed investment accounts for children, designed to grow over time.
The accounts would function much like traditional long-term investment vehicles, but with rules tailored to protect young savers.
Available only to those under 18, they would be funded through federal seed money, private contributions from families and, in some cases, supplemental deposits from employers or nonprofit organizations.