Treasury Department Launches Trump Accounts App for Children's Financial Inclusion
The U.S. Treasury Department has launched a mobile app for Trump accounts, a new initiative aimed at providing tax-deferred accounts for children born between January 1, 2025, and December 31, 2028. This program, part of the One Big Beautiful Bill Act, offers a $1,000 government contribution to eligible newborns. The app, available on major platforms, serves as the primary interface for account management. Parents can sign up their children by submitting IRS Form 4547, with activation emails being sent in phases until July 4, 2026. The app allows for contributions from various sources and aims to promote long-term financial strength for American families.