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530a Accounts

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Trump Accounts app launches to open child investment accounts with up to $1,000 seed
business1 day ago

Trump Accounts app launches to open child investment accounts with up to $1,000 seed

The U.S. Treasury's Trump Accounts app launches to open 530A (child) investment accounts; eligible families can sign up now via IRS Form 4547, with a potential $1,000 Treasury seed for births 2025–2028. Funding starts July 4, and annual contributions can reach up to $5,000 per child (employer contributions up to $2,500) to be invested in broad U.S. equity index funds, with activation occurring in waves after identity verification.

Nicki Minaj backs six-figure fund for fans’ Trump accounts
politics4 months ago

Nicki Minaj backs six-figure fund for fans’ Trump accounts

Rapper Nicki Minaj pledges between $150,000 and $300,000 to fund her fans’ Trump accounts as she attends a White House summit promoting Trump accounts, a child-focused, tax-advantaged savings program that starts with a $1,000 seed deposit for eligible children born 2025–2028. A growing list of companies will match the federal contribution, and other philanthropists are contributing as part of a broader push; about 600,000 families have already signed up.