(The Center Square) – The U.S. Department of the Treasury announced the launch of the Trump Accounts app Thursday, kicking off the registration process for citizens and permanent residents to enroll their children in the tax-advantaged investment accounts.
Trump Accounts will function similarly to individual retirement accounts, where no taxes are owed while the money remains in the account. After a child turns 18, his or her Trump Account generally operates under the same rules as a traditional IRA.
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