02/01/2026
Trump Accounts are new, tax-advantaged 530A savings accounts for U.S. children under 18, launched via The White House (.gov) as part of the Working Families Tax Cuts. The "election" is the required process—using IRS Form 4547 or online at trumpaccounts.gov—to establish the account and trigger a $1,000 U.S. Treasury deposit for children born 2025–2028.
Parents are not required to contribute any money to receive the initial $1,000. It is a U.S. Treasury-funded deposit, and parents may voluntarily add up to $5,000 per year.
Key Details About the Election and Account:
Purpose: To build early wealth via investments, with $1,000 initial funding for 2025–2028 births and up to $5,000 annual contributions allowed.
Eligibility: Children must be U.S. citizens born between 1/1/2025 and 12/31/2028.
Use IRS Form 4547 with 2025 tax returns, or the online portal available in mid-2026 at trumpaccounts.gov.
Restrictions: One account per child, mandatory investment in specific low-fee (under 0.1%) U.S. index funds, and restricted withdrawals until age 18.
Requirements: No, parent contributions are necessary to receive the $1,000, notes the Trump Accounts site.
Optional Contributions: Parents can contribute up to $5,000 annually per child to maximize growth.
Employer Match: Employers can contribute up to $2,500 of that $5,000 annual limit.
The account is established via IRS Form 4547 when filing taxes.
