Trump Accounts For Minor Children Explained: A New Wealth-Building Opportunity
Trump Accounts are a new retirement savings vehicle created under the 2025 tax reform that allow parents, grandparents, and even employers to contribute up to $5,000 per year for a minor child — even if the child has no earned income. In this article, we explain how Trump Accounts work, contribution limits, tax rules, planning opportunities, and the key considerations to understand before opening one.
Can You Give Money to Your Grandkids Tax-Free? Here’s What the IRS Says
The IRS allows grandparents to give up to $19,000 per grandchild in 2025 without filing a gift tax return, and up to $13.99 million over their lifetime before any tax applies. Gifts are rarely taxable for recipients — but understanding Form 709, 529 plan rules, and tuition exemptions can help families transfer wealth efficiently and avoid IRS issues.
