More than four million children have been enrolled in newly created Trump Accounts, the Internal Revenue Service (IRS) said Tuesday, marking a major rollout of the administration’s savings initiative.Additionally, the IRS said more than one million children are covered by elections for the $1,000 Trump Accounts pilot program contribution.Trump Accounts were created under the "One Big Beautiful Bill Act" last year, and contributions can begin July 4, 2026."The IRS has been working closely with the Treasury Department to make the election process as simple and easy as possible by permitting taxp...
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