What are ‘Trump accounts?' Babies could qualify for $1K bonus, kids may receive $250

Source NBC Local
Original Load Date Feb. 24, 2026, 10:01 p.m.
Last Updated Feb. 24, 2026, 10:01 p.m.
Original URL https://www.nbcchicago.com/news/politics/president-trump/what-are-trump-accounts-babies-could-qualify-for-1k-bonus-kids-may-receive-250/3899728/

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President Donald Trump heavily touted "Trump accounts" during his State of the Union address on Tuesday, calling them as tax-free investment accounts for every American child. [ The accounts, ][3] which are created through a lesser-known provision of President Donald Trump’s [ tax legislation ][4] ...