WV HB5544

Creates a West Virginia state income tax deduction for contributions made to federally-established "Trump Accounts" for qualifying dependent children

Limits the maximum annual deduction to $1,000 for individual taxpayers or $2,000 for married couples filing jointly

Restricts eligible children to U.S. citizens born between January 1, 2025, and December 31, 2028, with no prior Trump Account election made on their behalf

Exempts earnings accruing within Trump Accounts from West Virginia personal income tax until funds are distributed

References federal law (26 U.S. Code § 6434 and Section 530A of the Internal Revenue Code) for the definition and establishment requirements of Trump Accounts