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$250 Deposits May Already Be in Children's Trump Accounts

Original: $250 May Already Be in Your Child’s Trump Account. Here’s Who Gets It

Some children with new Trump accounts may already have a $250 deposit from the federal government, under a program created by recent tax legislation giving newborns government-seeded investment accounts. Reports outline which children qualify for the automatic $250 payment and how families can check whether the money has landed in an account. Eligibility depends on birth dates and program rules.

Why now: The government has begun seeding Trump accounts, so parents are checking whether their children received the $250 deposit

Trump accountsInternal Revenue ServiceUS Treasury

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Evidence

• $250 May Already Be in Your Child’s Trump Account. Here’s Who Gets It · Investopedia

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