Corrected on July 10, 2025
A previous version of this audio story included information that was in an earlier version of President Trump's major tax and spending legislation but was removed before final approval. Because of that, the story incorrectly said that withdrawals from “Trump Accounts” will be taxed at capital gains tax rates. In most cases, an account’s earnings will be taxed at the same rates as regular income. In addition, the story incorrectly said that half the money in an account can be withdrawn when a child turns 18, that the remaining amount becomes available at age 25, and that all the money must be taken out by the year the account holder turns 31. In fact, account holders can access all the funds at age 18.