Posted on 03/27/2026 12:33:33 PM PDT by CFW
Parents of more than four million children have claimed Trump Accounts, according to a report.
The tax-deferred investment accounts for children were instituted by President Trump's One Big Beautiful Bill Act last year, providing a $1,000 contribution from the federal government for all children born to U.S. citizens between Jan. 1, 2025, and Dec. 31, 2028, the Washington Examiner reported.
Parents can claim the accounts for their children either through an IRS portal or by filing Form 4547 with their federal tax returns. Per IRS data reviewed by the news outlet, 983,784 children have qualified for the $1,000 bonus via Form 4547 through Wednesday.
Parents with children born before Trump’s second term can also claim Trump Accounts, but they won’t receive the $1,000 in federal seeding. In total, 4,031,827 children were listed on Forms 4547 for 2025 as of Wednesday, according to IRS data.
Annually capped contributions can be added to the accounts by parents, friends, companies, and philanthropists starting on July 4.
(Excerpt) Read more at justthenews.com ...
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I think it is a good thing as well.
Freebee giveaways are never a good thing. The types who are going to game this new benefit aren't the types that will use it for its intended purpose. There will be fraud, and they will be left no better for the giveaway than before.
Thanks to these parents and to President Trump, these children are well on their way to having a successful life. Nonetheless, the whiners will still whine.
I’d be concerned that it will give the young adults the opportunity to get lazy. On the other hand the may work harder knowing there’s an empire to be built with their name on it just like the man in the WH.
No matter what there are those who don’t think about getting ahead or saving for that rainy day.
Hope the children remember who helped the on the way to a better life DJT.
we did for the gg’s.
“Parents of more than 4 million children have claimed Trump Accounts: report..” This translates to about 3 million votes. Sorry Surrender Monkeys.
Did you gift the money to your kids so they could open the account for the GGs?
It might help deter crime. Think of a juvenile who might have to payback society when his collection time has bad marks on it. Probably won’t matter.
Well, I signed up my 3 kids. They are not eligible for the 1000 seed but what the h@ll. I’ll take all the help I can get giving them a good start on life.
Hopefully turns out to be better than savings bonds. Those were less than worthless
Most conservatives disagree on free welfare no matter who gives it.
Send dodge in no illegals or scams
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