ST. CLOUD, Fla.—Surrounded by Florida moms and students at a local school today, U.S. Senator Ashley Moody encouraged families to take advantage of Trump Accounts, a new childhood investment opportunity designed to help children begin building long-term financial security. Senator Moody supported the law that created Trump Accounts through her vote for the Working Families Tax Cuts. The program allows parents to open tax-advantaged investment accounts for eligible children.
Senator Ashley Moody said, “These accounts will give the next generation a jumpstart on the American Dream. I fought for this benefit for Florida families and it was exciting to bring this message to a room full of moms and their children today, as we work together to invest in the future of Florida.”
What Florida families should know about Trump Accounts:
- Trump Accounts are tax-advantaged investment accounts created for eligible children under 18. The accounts are in the child’s name, with a parent, guardian or other authorized individual helping manage the account until the child turns 18.
- Eligible U.S. citizen children born between Jan. 1, 2025, and Dec. 31, 2028, with valid Social Security numbers, may qualify for the one-time $1,000 pilot program contribution.
- Parents, guardians and authorized individuals can sign in or create an IRS account with ID.me and submit IRS Form 4547, Trump Account Election(s).
- Families can start at IRS.gov/TrumpAccounts, TrumpAccounts.gov, or through the official Trump Accounts app available in major app stores.
- Beginning July 4, 2026, Trump Accounts may accept contributions from parents, family members, employers and other eligible contributors, subject to annual limits.
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