The thousand dollar seed deposit available through the new 530A account, also called a Trump account, comes with conditions that matter for families abroad.
The child must be a US citizen. The child must have a Social Security number. The child must have been born between January 1st, 2025 and December 31st, 2028. And to actually claim the deposit, parents need to file a specific form with the Treasury called Form 4547.
For US citizen children born abroad who have never been issued a Social Security number, that last point is the one to pay attention to. The citizenship is there. The eligibility is not, until the Social Security number is obtained.
In today's episode of Passport To Wealth™, Christie DuChateau walks through all of this and what the account opening process looks like for families with foreign addresses. The experience on the app and the web version turned out to be meaningfully different, in ways that matter if you are working through this from outside the US.
Today's episode is live now wherever you listen to podcasts or visit passporttowealth.com/trump-accounts-for-us-expat-families
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BNC Tax & Accounting
Delen
Provides expert expat tax and accounting services to both individuals and businesses for Americans With 8.5 million U.S. Word of mouth is key for our business.
BNC Tax Our Story : After a long career in large construction and development, Cindy DuChateau started BNC Tax and Accounting in 2002 in order to serve the bookkeeping needs of individuals and small businesses. By 2005, Cindy had enough clients with interest in tax preparation services, that she and her husband, Bert, took and passed the Special Enrollment Examination given by the Internal Revenue
16/04/2026
Living in Europe and investing as a U.S. citizen?
Here’s the part no one explains clearly:
You can keep your U.S. ETFs…
But you might not be allowed to buy them anymore.
So you look for alternatives…
And accidentally walk into one of the most complex tax regimes in the U.S. code.
We see this happen all the time.
We broke it down simply:
What’s restricted, what’s risky, and what actually works.
U.S. ETFs and Mutual Funds While Living Abroad. A Tax Experience Visit the post for more.
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