Weekly Tax Tips!
Trump Savings Account: Children who are U.S. citizens and 18 and under qualify for the account.
- The federal grant of $1,000 is automatically deposited for children born January 1, 2025, to December 31, 2028 once the account is open
- The contribution limit is $5,000 per year per child
- Governments and charities can also contribute, and these contributions won’t be in included in the annual $5,000 limit.
- Ask us how to apply today!