05/31/2026
Trump Accounts are newly established tax-advantaged investment accounts for children (acting as a "starter" IRA) that function similarly to traditional Individual Retirement Accounts. They were created by the One Big Beautiful Bill Act to encourage long-term savings for American children. [1, 2, 3, 4, 5]
Key features of the program include:
The $1,000 Seed: The federal government will deposit a one-time $1,000 pilot program contribution into the accounts of eligible children. [1, 2]
Eligibility: To qualify, the child must be a U.S. citizen with a valid Social Security number and born between January 1, 2025, and December 31, 2028. [1, 2]
Contributions: Parents or guardians can act as custodians and contribute up to $5,000 annually per child. [1, 2]
Access & Growth: The funds are restricted to broad market investments (like ETFs or index funds) and grow tax-deferred. The money cannot be accessed by the child until they turn 18, at which point it converts to a traditional IRA. [1, 2, 3, 4, 5]
Families have signed up nearly 6 million children for these accounts. While you can open and fund these accounts, standard contributions are scheduled to officially open on July 4, 2026. [1, 2, 3]
Parents and guardians can register by submitting Form 4547 through the Official IRS Portal or by downloading the official Trump Accounts mobile app, which is available on iOS and
Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.
