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5 hours ago

New Trump Accounts pitched as tax-season gateway to building wealth

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, 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 famil...

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5 hours ago
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