Scored 7/10 on whether it helps or hurts everyday people.
The Trump Account Bill
New tax deduction for parents using Trump account
To provide a tax credit for new parents in this state in certain circumstances.
Good for everyday people ·
If passed, parents who put money into a Trump Account for their newborn will get a state tax deduction, lowering the amount of tax they owe.
Our take
What we think, in plain words.
Parents could keep more of their paycheck by saving for a newborn in a Trump Account, but the state will collect less tax revenue, so voters should decide if the benefit is worth the cost.
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The facts
What the bill actually says, no spin.
- The bill adds a new section §11-21-26a to West Virginia tax code.
- It gives a tax deduction for parents who claim a federal Trump Account for their child.
- The deduction applies to payments made into the Trump Account, similar to 529 college savings plans.
- The bill is currently just introduced and has not been voted on.
In the news
Scanning the news for this bill…
Headlines gathered from across the news, starting points to explore, not endorsements. Always read the official text before acting.
Sources
Read it yourself: the official bill and records.
This bill is in the West Virginia Bill Book 2026
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