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For kids

Trump Accounts — a head start for Mississippi children.

Created by the 2025 tax bill, Trump Accounts are tax-advantaged savings accounts for children under 18.

$1,000

Federal seed deposit for every U.S. citizen child born 2025–2028.

$5,000/yr

Family contribution limit, invested in a low-cost U.S. equity index fund.

$2,500/yr

Employers can contribute per employee's child — excluded from the employee's taxable wages.

Why parents and employers should know

  • • Parents (or guardians) open the account for the child.
  • • Employer contributions are a tax-advantaged benefit that doesn't require running a 401(k).
  • • Funds grow tax-deferred; qualified withdrawals after age 18 get long-term capital gains treatment.
  • • A great pairing with a family savings plan or small-business workplace plan.

Accounts are offered through financial institutions that participate in the Treasury program. Open an account through the official portal, then share the details with your employer or payroll provider.

Open a Trump Account →IRS overview

529 college savings

Save for Mississippi college costs, tax-free.

Mississippi families can pair Trump Accounts with the state's 529 plans. Contributions are state-tax-deductible, and withdrawals for qualified education expenses are tax-free at the federal level.

MACS — Mississippi Affordable College Savings

A direct-sold 529 savings plan that grows tax-deferred and can be used for college, K-12 tuition, apprenticeships, and student loan repayment.

  • •State tax deduction up to $10,000/yr ($20,000 married filing jointly).
  • •Low-cost fund options; open with as little as $25.
  • •Use at in-state, out-of-state, and many foreign schools.
Explore MACS

MPACT — Mississippi Prepaid Affordable College Tuition

A prepaid tuition plan that locks in today's tuition rates for Mississippi public colleges and universities.

  • •Guaranteed tuition coverage at MS public two- and four-year schools.
  • •Can also be applied to many private Mississippi colleges.
  • •Contracts can be used by the beneficiary or transferred to a family member.
Explore MPACT

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