Leveraging TANF to Support Trump Accounts: A New Opportunity to Strengthen Family Economic Security

Temporary Assistance for Needy Families (TANF) programs have long supported families in building economic stability. This Dear Colleague Letter by the Office of Family Assistance explores how TANF funds may now be used to support Trump Accounts, which are federally backed, tax-advantaged savings accounts for children, creating new opportunities to help children and families build assets for the future. For TANF practitioners, the guidance shares how these accounts can fit within broader strategies that promote financial well-being and long-term self-sufficiency. TANF programs may use this guidance to consider innovative approaches that help families move beyond immediate needs and build a stronger financial foundation.