$1K Trump Accounts Are Coming: Experts Weigh in on Who Qualifies, Benefits and Drawbacks

Evan Morgan, CPA | Kaufman Rossin featured in U.S. News & World Report | August 14, 2025

U.S. News & World Report recently published an article featuring Evan Morgan, CPA, Principal at Kaufman Rossin. The article delves into the introduction of Trump Accounts, a new savings option for children that promises a $1,000 government deposit to kickstart their financial future.

Evan Morgan describes Trump Accounts as “almost like a retirement account for kids,” highlighting their potential to secure children’s financial futures through tax-advantaged savings.

For parents, Trump Accounts offer a unique opportunity to save for their child’s future, with potential benefits for college savings, housing, or starting a business once the child turns 18. However, the accounts come with limitations, such as non-deductible contributions and potential tax implications.

Read the full article in U.S. News & World Report.

Want to explore how Trump Accounts could affect your child’s financial future? Connect with our Tax Services team to learn more.

Evan Morgan, CPA, Tax Principal at Kaufman Rossin, one of the Top 50 CPA and advisory firms in the U.S.