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$1,000 Trump Account Rules Revealed: Here’s Where You Can Spend It (And What’s Off-Limits)

Trump Accounts, a proposed U.S. savings initiative, provide $1,000 to every eligible newborn between 2025 and 2029. The funds grow tax-deferred and may be used for college, a first home, or starting a business. Families can contribute up to $5,000 yearly, with rules for use and penalties for misuse. Learn how this could help build generational wealth — and what families need to know to make the most of it.