West Ridge Accounting Services, LLC

Trump Accounts opened on July 4. A few questions are worth considering:

➡️ Our baby is 18 months old. Do we qualify for the $1,000?

Yes. Every U.S. citizen baby born since January 1, 2025, qualifies for a one-time $1,000 federal contribution.

➡️ Is there an income maximum?

No. Eligibility is based on the child's citizenship and birth date, not family income.

➡️ Our child is 7. Did we miss it?

Not entirely. Any U.S. citizen under 18 can have an account opened. The federal $1,000 payment applies only to children born in 2025 through 2028, but everything else still applies.

➡️ Can grandparents contribute?

Yes. Up to $5,000 per year combined across parents, grandparents, family, and the child themselves.

➡️ What is the catch?

State tax conformity varies; California, for example, does not currently conform.

Whether to contribute, how much, and how to coordinate it with what you already have are all worth talking through. Our team is here for that.

We had so much fun participating in the Red, White, & Brew 5K! 🏃‍♀️🚶‍♂️

Some of our team walked, some jogged, and some ran—but no matter the pace, we all had a fantastic time supporting an amazing cause and enjoying the community together.

This year's event benefited several incredible local nonprofits, including WOW, Windsor Community Foundation, Health4Heroes, Arty's Kitchen, Beef Sticks 4 Backpacks, Severance Middle School, Banner MD Anderson Cancer Center, Weld RE-4 Foundation, St. Jude Children's Research Hospital, and Adopt A Family.

We're grateful to have been part of such a fun event that gives back to organizations making a real difference in our community. ❤️🤍💙