On Wednesday, as the deadline for filing taxes came to a close, US Treasury Secretary Scott Bessent offered several big updates for those who have opened Trump accounts using the IRS Form 4547.
The $1,000 pilot program is available to children born between 2025 and 2028. Bessent, who was speaking at an CNBC event on Wednesday, said that more than 5 million Americans have signed up for the Trump accounts through the Form 4547.
Given the massive response the POTUS’s flagship program has received, Bessant reiterated that the $1000 boost given to children is “just the starting point” and the recipients will be eligible for future benefits, as well.
This story is being updated.
