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Trump Accounts officially launch July 4; here's what parents need to know
By Emily Hanford-Ostmann at KXXV (ABC 25) News
· July 2, 2026
· 3 min read
Parents can begin contributing to Trump Accounts on July 4, with eligible children receiving a $1,000 government deposit to jumpstart their savings. About 6 million children are already signed up for Trump Accounts, but many more are still eligible for the program. Starting July 4, families can ...
Key takeaway "With every modest contribution, Trump Accounts should reach at least $50,000 in value by the time the child turns 18," Trump said during a January summit.
Why this matters in The Waco
For Waco families, the launch of Trump Accounts on July 4 presents a new opportunity to invest in their children's future. With about 6 million children already signed up nationwide, local parents should be aware of the eligibility criteria and contribution limits. Children under 18 with a Social Security number can have an account opened in their name, and those born between 2025 and 2028 will receive a $1,000 government deposit. Additionally, some Waco residents may qualify for the $250 credit from the Michael and Susan Dell Foundation, depending on their ZIP code. As local employers consider offering Trump Account contributions as an employee benefit, Waco families may want to explore this option to supplement their child's savings. By understanding the program's details and potential benefits, Waco parents can make informed decisions about their child's financial future and take advantage of this new savings opportunity.
About this story
Original reporting by KXXV (ABC 25) News . The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 2, 2026 ·
Source: KXXV (ABC 25) News ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? Parents can begin contributing to Trump Accounts on July 4, with eligible children receiving a $1,000 government deposit to jumpstart their savings. About 6 million children are already signed up for Trump Accounts, but many more are still eligible for the program. Starting July 4, families can ...
When was this published? This article was first published on July 2, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Emily Hanford-Ostmann at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Waco, or browse our daily briefing and topic hubs .
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