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You can claim $1000 for your baby. *** White House program is offering the money to all newborns as long as parents apply for the so-called Trump accounts. Now Treasury Secretary Scott Besson says the app for the program is launching today on all major platforms, so you can see how the account is doing right on your phone. If you haven’t signed up. Yet you can register your child by filling out an IRS form on trumpaccounts.gov. The White House says your child’s funds will automatically be invested in American companies. Your child will be able to access the money tax-free when they turn 18. The official program launches July 4th, and that’s when parents and guardians can also start contributing to the account.
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Trump Accounts app launches to track $1,000 given to newborns in the US
A White House initiative will provide $1,000 to newborns, requiring parents to open a “Trump account” to access the funds.
A new White House program is offering $1,000 for newborns, provided parents open “Trump Accounts.” Treasury Secretary Scott Bessent said the app for the program launched on Thursday on all major platforms, allowing parents to monitor the account’s performance directly from their phones. “Trump Accounts, I believe, are the most important benefit for young people since the GI Bill,” Bessent said during a White House news briefing on Thursday. “Today, the app is now available on all major platforms, bringing the president’s vision directly to American homes.”Parents who have not signed up yet can register their child by filling out Form 4547 from the Internal Revenue Service.The White House said the funds will automatically be invested in American companies, and children will be able to access the money tax-free when they turn 18. To qualify for the $1,000, a baby must be a U.S. citizen, have a Social Security number and be born between Jan. 1, 2025, and Dec. 31, 2028.The program officially launches on July 4, when parents, guardians, and others who meet certain requirements can also start contributing to the accounts. Keep watching for the latest from the Washington News Bureau:
A new White House program is offering $1,000 for newborns, provided parents open “Trump Accounts.”
Treasury Secretary Scott Bessent said the app for the program launched on Thursday on all major platforms, allowing parents to monitor the account’s performance directly from their phones.
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“Trump Accounts, I believe, are the most important benefit for young people since the GI Bill,” Bessent said during a White House news briefing on Thursday. “Today, the app is now available on all major platforms, bringing the president’s vision directly to American homes.”
Parents who have not signed up yet can register their child by filling out Form 4547 from the Internal Revenue Service.
The White House said the funds will automatically be invested in American companies, and children will be able to access the money tax-free when they turn 18.
To qualify for the $1,000, a baby must be a U.S. citizen, have a Social Security number and be born between Jan. 1, 2025, and Dec. 31, 2028.
The program officially launches on July 4, when parents, guardians, and others who meet certain requirements can also start contributing to the accounts.
Keep watching for the latest from the Washington News Bureau:
