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IRS Updates
Trump Accounts Begin Funding July 4: What Parents Need to Know
Beginning July 4, 2026, the federal government's new Trump Accounts program enters its next phase. Eligible children can begin receiving the federal pilot contribution, and families can begin funding their accounts. Additional IRS guidance is still expected as the program continues to roll out. Here's what we know so far. What Is a Trump Account? Trump Accounts are tax advantaged investment accounts designed to encourage long term savings for children. The accounts were creat
Goodman Bookkeeping Team
5 days ago3 min read
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