What Are Trump Accounts and How Do They Work?

Aug 4, 2025 / By Debra Taylor, CPA/PFS, JD, CDFA
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The One Big Beautiful Bill Act creates a new savings vehicle for families with children born before 2028. The new ‘Trump Accounts’ offer an opportunity for many families to save money for some of their children’s future expenses. But they also carry complications and should be considered carefully.

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