President Donald Trump's new Big Beautiful Bill introduces a $1,000 baby bonus in the form of a special savings account called the 'Trump Account' for children born from 2025 through 2028.
Qualifying children born between December 31, 2024, and January 1, 2029, as U.S. citizens with Social Security numbers, can receive the one-time $1,000 government contribution.
Parents may need to open a Trump Account to trigger the government's $1,000 contribution, which is intended as a long-term savings tool that can grow over time through compounding.
While the $1,000 baby bonus encourages early savings for children, it is part of a broader bill that includes changes to programs like Medicaid and SNAP, and the bonus amount is universal without consideration for income levels.