Melania Trump Launches Initiative Expanding Access to Tax-Deferred Savings Accounts for Foster Children
First Lady Melania Trump introduced an initiative called 'Fostering the Future' that expands access to tax-deferred savings accounts, known as Trump accounts, to eligible children in foster care. The program allows child welfare agencies to open these accounts on behalf of qualifying youth born between January 1, 2025, and December 31, 2028, with a one-time deposit of up to $1,000.
