Overview
- President Trump and Treasury Secretary Scott Bessent will headline a Treasury-hosted event in Washington to outline the child savings program.
- The IRS has released preliminary guidance and is accepting comments through Feb. 20, with final regulations, Form 4547 and an online portal expected ahead of a mid-2026 launch and initial deposits after July 4.
- Eligible children born from 2025 through 2028 are slated to receive a $1,000 Treasury seed, with up to $5,000 in annual family contributions and up to $2,500 in employer contributions excluded from taxable income.
- SoFi, Charter Communications, BNY, BlackRock, the Investment Company Institute, Robinhood and Charles Schwab say they will match the $1,000 federal contribution for employees’ children.
- Policy analysts caution that employer-driven matches may flow to higher-income workers, raising questions about the program’s effect on narrowing wealth and racial gaps.