"The Trump Accounts summit will have a Main Street focus, including families who'll participate in panel discussions - "not just CEOs and celebs," an administration official told Axios. Trump will deliver the keynote in the ornate Mellon Auditorium, dedicated by President Franklin Roosevelt in 1935. Zoom in: Michael Dell, chairman and CEO of Dell Technologies, and his wife, Susan, ignited excitement about the accounts among philanthropists in December when they announced a $6.25 billion commitment that The New York Times called "one of the largest philanthropic gifts ever to go directly to Americans.""
"How it works: New parents can sign up via Form 4547 in this year's tax filing. The accounts, part of Trump's "One Big, Beautiful Bill," allow parents to establish a new type of tax-advantaged individual retirement account for their children. Children born between Jan. 1, 2025, and Dec. 31, 2028, are eligible to receive $1,000 from a Treasury pilot program. Parents can contribute up to $5,000 a year, and employers up to $2,500 a year. The accounts are open to older kids as well. The Dell and Dalio gifts target those not receiving Treasury money."
A summit will promote Trump Accounts with a Main Street focus and family participation in panel discussions alongside public figures and executives. The president will deliver the keynote at Mellon Auditorium. Major philanthropists such as Michael and Susan Dell pledged significant gifts to support accounts outside the Treasury pilot. The Treasury reports strong interest from philanthropic and corporate communities. Eligible children born Jan. 1, 2025–Dec. 31, 2028 qualify for a $1,000 Treasury pilot deposit. Parents may contribute up to $5,000 annually and employers up to $2,500 annually; sign-up uses Form 4547.
Read at Axios
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