TAX

Art Werner: ‘Free Money’ for New Trump Accounts | Quick Tax Tip

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Trump Accounts are for the benefit of children.

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More Werner on Trump accounts.

Quick Tax Tip
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CPE Today

Trump accounts offer a rare chance for a government-funded head start on a tax-advantaged education account.

“The federal government will actually infuse these accounts with $1,000,” says Art Werner. “It’s free money. Just face it, it’s free money.”

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Any child under age 18 with a Social Security number is eligible for a Trump account. Children born between 2025 and 2028 also qualify for a government contribution.

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Art Werner: Five Rules for Trump Accounts | Quick Tax Tip

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These accounts offer unique contribution opportunities, strict investment guidelines, and a pathway to future retirement savings.

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More Werner on Trump accounts.

Quick Tax Tip
With Art Werner
CPE Today

Art Werner outlines the five key rules advisors and families should understand when considering these accounts.

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Designed as long-term savings vehicles for children, these accounts offer unique contribution opportunities, strict investment guidelines, and a pathway to future retirement savings.

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Art Werner: Just Don’t Call it a Trump Account | Quick Tax Tip

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Trump accounts can be “one of the best” long-term planning options, despite their name, says Werner.

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Quick Tax Tip
With Art Werner
CPE Today

More Werner on Trump accounts.

Trump accounts are “one of the best provisions that we have seen,” tax expert Art Werner says in this Quick Tax Tip.

Acknowledging that the name itself may create resistance among some taxpayers, he says that for people who are not fond of President Trump, “when they hear the name Trump account, it turns them off.” But if they dismiss the account because of its name, he adds, “they are walking away from a tremendous opportunity.”

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Werner explains that funds in a Trump Account are effectively locked away until the child reaches age 18. Once the beneficiary reaches adulthood, the money can be used for specific purposes that he describes as major life milestones, including higher education, purchasing a first home, starting a business, and ultimately retirement planning.

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