Just a Minute! on Child Savings Accounts ("Trump Accounts")

March 13, 2026

The One Big Beautiful Bill Act of 2025 established a new savings vehicle for Americans: child savings accounts known as “Trump Accounts.”

These tax-deferred accounts allow for employer contributions of up to $2,500 to be made to in the account of an employee’s child, or other dependent, or the employee him or herself if under age 18. An employer can also allow employees to reduce their salary, through a Section 125 cafeteria plan contribution, in exchange for an employer contribution, so long as the contribution is for the employee’s child or other dependent.

In this episode of Just a Minute!, Council President Katy Johnson notes the first batch of guidance released by the administration (see the Council’s March 10 Benefits Byte) and explains how the Council is working to ensure that these accounts are user-friendly for employers and employees who wish to participate.