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How much do you know about Trump Accounts and 529s?

A couple of minutes, and every answer links back to where it comes from.

Trump Accounts are new, and most of what circulates about them is half-right. The $1,000 federal deposit is the part people hear about — and the part they most often assume is automatic.

This quiz is a quick way to find out whether what you have picked up is accurate, before it turns into a decision. Getting one wrong is the useful outcome: each answer explains what is actually true and why it matters.

Quick check: Trump Accounts vs. 529s

The federal $1,000 deposit for an eligible child is…
Which child qualifies for the one-time $1,000 federal seed deposit?
What is the main tax difference between a 529 and a Trump Account?
What does a Trump Account offer that a 529 does not?

The full explanation lives in What is a Trump Account? Here's what expecting and new parents actually need to know.

Knowing the rules is one thing. Knowing when each decision is due is the harder part.

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