Tax Bill Includes a $1,000 Baby Bonus in ‘Trump Accounts’ — Here’s Who Is Eligible

Peter Richon ·
January 31, 2026

A new provision in President Trump’s tax bill is getting a lot of attention: a government-funded $1,000 savings account for children, now known as “Trump Accounts.”

But as with most things in tax policy, the details matter. In this interview, Peter with Richonplanning and Erin Kennedy break down:

👨‍👩‍👧 Who’s eligible — and how families actually receive the money
💵 Who can contribute and how much
📈 How these accounts are invested
🧾 How tax-deferred growth and capital-gains treatment compare to other options
⚖️ When it makes sense to fund a Trump Account vs. a 529 plan or custodial account

If you’re a parent, grandparent, or loved one who wants to learn more about setting your child up for success, please call Peter at (919) 300-5886 or visit www.RichonPlanning.com

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