00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tax season is underway as the Trump administration...
00:05...urges families to sign up for Trump accounts when filing 2025 tax returns...
00:10...according to ABC News.
00:12Trump is set to promote the accounts at a summit in Washington...
00:15...alongside Treasury Secretary Scott Besant, executives and investors.
00:20...and spending law, the federal government will deposit $1,000 for every...
00:25...to be born from 2025 through 2028, starting in July.
00:29Several companies...
00:30...including Charles Schwab, Robinhood, SoFi, Uber, Charter Communication...
00:35...and BNY have pledged to match the initial contribution for eligible employees.
00:40Employers can contribute up to $5,000 annually, while employers can add up to $2,500...
00:45...per employee.
00:46Funds must track the broader stock market and remain locked until aging.
00:50The accounts are set to launch this summer, with contributions starting on July 4th...
00:55...2026, the same day as America's 250th anniversary.
01:00For all things money, visit Benzinga.com.
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