This Trump Accounts simple guide breaks down how the new child savings program works, including the $1,000 federal contribution and sign-up details.
What Trump Accounts Are
- Retirement-style investment accounts for minors created under the One Big Beautiful Bill Act
- Resemble traditional IRAs but have unique contribution, investment, and distribution rules
Eligibility Requirements
- For children younger than 18
- Must have a valid Social Security number
Sign-Up Details
- Parents or guardians can register children:
- Using Form 4547 when filing 2025 taxes or
- Signing up at trumpaccounts.gov
Key Dates
- Accounts will be opened July 5, 2026
- Accounts convert to a traditional IRA after child turns 18
Contributions
- One-time $1,000 government seed contribution will be deposited for children born Jan. 1, 2025, to Dec. 31, 2028
- Children younger than 10 who don’t qualify for seed contribution and live in ZIP codes where the median household income is below $150,000 will receive $250 from Michael and Susan Dell
- Up to $5,000 a year total per child from all contributors, e.g., parents, grandparents, employers, other individuals.
- Employer contributions are permitted up to $2,500 of the $5,000
- Contributions are deductible business expenses for employers
- Contributions won’t count toward employees’ taxable incomes
More Information
If you have questions about Trump Accounts, let us know.