HOUSTON — Every American baby born this year and in the next two years is eligible for $1,000 free courtesy of Uncle Sam.

The money must be invested to be later used for education or perhaps a down payment on a home. Plus, a Houston native is giving billions more to these so-called " Trump Accounts " for older children.

So how does it work?

If you have kids who are 10 years of age and younger or are planning on having a baby soon, pay attention. They can get a financial head start for their future with free seed money.

The U.S. Treasury will deposit $1,000 into these Trump accounts for any child born between 2025 and 2028, and starting on July 4, those accounts will take up to $5,000 in deposits annually from parents, their employers, or charities. It's not required, but you can.

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