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Stock impact report

New Trump accounts provide savings options for children [Yahoo! Finance]

Charles Schwab Corporation (The) (SCHW) 
Last charles schwab corporation (the) earnings: 4/15 08:45 am Check Earnings Report
US:NYSE Investor Relations: aboutschwab.com/investor-relations
Company Research Source: Yahoo! Finance
The Trump accounts were created through passage of Working Families Tax Cut Act, which is commonly referred to as “One Big Beautiful Bill Act,” which was signed into law in July 2025. As families consider the options for accounts for children here is some basic information to consider when considering the accounts. An account can be made for all children under the age of 18 starting on July 4, 2026, however the account can't be started for a child that turns 18 the year it was created. The child must have a Social Security number. Those who are turning 18 in 2026 aren't eligible for a Trump account, according to the Internal Revenue Service The account is started by filing out a form with the IRS. It must be managed by a parent or guardian until the child turns 18 in which it will be in charge of the account. Money cannot be withdrawn until the child turns 18. Yes, but not for every account. Children born on or after Jan. 1, 2025, through Dec. 31, 2028, are eligible for a o Show less Read more
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