Your baby could qualify for $1,000 with a Trump Account. Here's what to know

President Donald Trump’s tax legislation includes a provision called Trump Accounts, which gives $1,000 to every newborn if their parents open an account. This money is invested in the stock market, and children can access it when they turn 18. The Trump administration is hosting an event Wednesday meant to celebrate the program's upcoming launch and provide any new details on its rollout. The accounts aim to help low-income children build wealth. Congress is funding accounts for babies born between 2025 and 2028. The accounts will start to open in July 2026.