Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

IRS chief Bisignano donates $250 to Trump accounts for eligible children in Brooklyn ZIP code

By Reuters News

WASHINGTON, Oct 29 (Reuters) - Trump administration official Frank Bisignano, who serves as Internal Revenue Service CEO and as Social Security commissioner, said on Thursday he will donate $250 to each "Trump account" in his home ZIP code in the Brooklyn borough of New York City for children aged 2 to 8 years.

  • In a statement issued by the IRS, Bisignano, the former CEO of payments and financial technology firm Fiserv FISV.O, said the payments would be available immediately for eligible children in ZIP code 11234.

  • The $250 donation adds to a $1,000 US Treasury contribution to accounts of children born from 2025 through 2028. The tax-deferred investment accounts were created by last year's Republican-passed tax cuts.

  • "This donation is an investment in the children of Brooklyn, giving them a boost in their personal wealth building journeys," Bisignano said in the statement.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.