Last year, President Trump signed H.R. 1, the Working Families Tax Cuts (WFTCs), into law. From ending forced taxpayer funding of big abortion businesses to slashing taxes for middle-class working families and seniors, President Trump’s administration delivered the most pro-family, pro-working-class budget this country has seen.
One pro-family measure in the bill, Trump Accounts, affirmed that there is no greater investment for a country’s future than its children. Upon the passage of the WFTCs, “Trump Accounts” with $1,000 in federal seed money for every child born with a Social Security number between 2025 and 2028, regardless of their parents’ income, were established. Children born before 2025 are eligible to open accounts and begin investing in their future.
Once these children turn 18, they may withdraw these funds to invest in further education, workforce training, starting a business, supporting their own families, or purchasing a home. The account then functions similarly to an Individual Retirement Account (IRA), and other withdrawals before age 59½ are subject to regular income tax and a 10% penalty.
The Trump Accounts are an intentional investment in every child’s future, regardless of their background. As these accounts grow, they empower young adults to pursue education, entrepreneurship, or homeownership, ultimately contributing to a more prosperous society. Beyond supporting working families today, the WFTCs are investing in American families decades in advance.
The Working Families Tax Cuts also eliminate taxes on tips and overtime, offer tax deductions for purchasing American-made vehicles, and deliver historic cuts of over $1.5 trillion in federal spending, fueling prosperity for hardworking families and marking a bold step toward fiscal responsibility. Because of the WFTCs aim at tax relief for American workers and families, much of the bill’s benefits are reaching the American people during this spring’s 2026 tax filing season.
The WFTCs established several key pro-family tax credits: the Adoption Tax Credit, the Paid Leave Tax Credit, the Child/Dependent Tax Credit, and the Employer-Provided Childcare Credit. The WFTCs’ Child Tax Credit raised the Child Tax Credit from $1,000 to $2,200, a significant, fiscally responsible support for families.
Concerned Women for America (CWA) of Kentucky Prayer Action Chapter member Evangel Hernandez, an adoptive mom and grandmother, is one of thousands benefiting from the WFTCs bolstered Child Tax Credit. She said, “It’s just great to see our country’s leaders prioritizing families. I have a married son, and at some point, he and his wife will be starting their family, and I am just so excited for them to be able to take advantage of some of these great tax benefits and investments they can make to help their growing family.”
In another win for American families, the WFTCs also established the first ever federal school choice tax credit program, the Education Freedom Tax Credit (EFTC). The tax credit, set to officially launch in 2027, will offset donations to nonprofits that help low-income families with educational expenses. Individual taxpayers will be able to claim a 100% tax credit on up to $1,700 in donations to organizations that award such scholarships. Incentivizing private giving means organizations will have more resources to help a greater number of children escape the typical public-school model.
The program does not divert funds from the public-school systems, nor does it simply redirect tax dollars to approved educational expenses (as in the case of education savings accounts, or ESAs). The Education Freedom Tax Credit merely encourages private donations towards dedicated education non-profits. So far, over half of the states have already opted in, with more signaling their intention to do so, including blue state Colorado. Education Secretary Linda McMahon expects that number to rise before the program goes live.
The Working Families Tax Cuts are an all-around win for American families—from the Trump Accounts for the next generation to increased child tax credits to school choice and slashed taxes, American families, communities, and wallets are feeling the benefits of the WFTCs this tax filing season.
