Who qualifies for Trump Accounts? Benefit mentioned at SOTU, explained [USA TODAY]
JP Morgan Chase & Co. (JPM)
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Source: USA TODAY
Nobody believes me, but I did not name it," Trump said. "Tax free investment accounts for every American child. This is something that's so special and has taken off and gone through the roof." Parents can start the process of opening the accounts now, which function like an IRA for kids , but they won't be able to contribute until this summer. Trump also mentioned Michael and Susan Dell , who donated more than $6 billion to the accounts. How can parents access this money? Here is what to know about the accounts and who is eligible. Who qualifies for Trump Accounts? All U.S. citizens born between 2025 and 2028 qualify for Trump Accounts. You must have a Social Security number. What about Trump Accounts for kids born before 2025? American children born before 2025 who are under 18 will also be eligible for Trump Accounts , with all the same features, but with no $1,000 seed money from the federal government. Only one Trump Account may be opened per child. When will the
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JPM
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JPM
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- 2/25/26 - Form 424B2
- 2/25/26 - Form 424B2
- 2/25/26 - Form 424B2
- JPM's page on the SEC website