Treasury Allows Employers Tax-Free Trump Account Contributions for Dependents

Imagine a special savings account called a Trump Account where grown-ups can put money to help kids in the future.

The government has new rules that let bosses, called employers, put money into these accounts for their workers' children.

A boss can add up to $2,500 every year without the worker having to pay tax on that money.

Workers can also choose to put some of their own pay into their kids' accounts before taxes are taken out.

More than 50 companies have already agreed to give money to Trump Accounts for their employees.

The government wants the rules to be fair, so companies cannot give only their highest-paid workers this benefit.

People who want to share their opinion about the new rules can do so until September 25.

The goal is to help American families save money and build wealth starting when kids are young.