Federal 'Trump Accounts' Expanded by Dell Donation
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Washington President Donald Trump announced Tuesday the rollout details for 'Trump Accounts,' a federal child-investment program paired with a $6.25 billion pledge from Michael and Susan Dell to seed 25 million accounts. nationally available The Treasury will automatically create Invest America accounts for children born during 2025–2028, with $1,000 federal deposits for newborns and Dell deposits of $250 for eligible children ten and under who missed the federal cutoff. Families can claim and contribute to accounts beginning in early 2026, with deposits permitted starting July 4; funds become available at age 18. Based on 11 articles reviewed and supporting research.
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Timeline
- 1. Earlier in the year, Congress passed the tax and spending bill creating Invest America ('Trump Accounts').
- 2. GivingTuesday/Nov–Dec 2023: Michael and Susan Dell announced a $6.25 billion pledge to seed 25 million accounts.
- 3. Early December 2023: White House held an Oval Office event announcing program details and donor involvement.
- 4. Early 2026: Officials stated families could begin opening accounts and deposits would begin on July 4.
- 5. 2025–2028: Federal $1,000 deposits will apply to children born during the specified window, funds vesting at age 18.
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