Published July 4, 2026Critical
Trump Accounts officially launch
The program opened for account elections on July 4, 2026. Authorized adults can now submit elections through the IRS.
Effective: July 4, 2026
IRSRead update
Independent guide for families
Understand Trump Accounts without the confusion.
Learn what Trump Accounts are, who qualifies, how to open one and what parents should consider before contributing.
Last reviewed: July 12, 2026
Starting deposit
$1,000
Age 0
Open
Age 18
Grow
Retirement
Future
Trump Accounts officially launched July 4, 2026.
Account elections are made through the IRS using Form 4547.
Quick facts about Trump Accounts
For children under 18
An eligible child must generally be under age 18 at the end of the election year.
Child owns the account
The Trump Account is established for the exclusive benefit of the child, who is the account owner.
Possible $1,000 deposit
Certain eligible U.S. citizen children born from 2025 through 2028 may receive a one-time Treasury contribution.
Money is invested
Account funds are invested in approved low-cost U.S. stock-market index funds and may gain or lose value.
What is a Trump Account?
A Trump Account is a type of tax-advantaged individual retirement account created for an eligible child. An authorized adult establishes and manages the account while the child is a minor, but the child is the account owner.
Open
An authorized adult submits the account election.
Contribute
Eligible family members, employers and other permitted contributors may add money, subject to applicable limits.
Grow
The money is invested for the child's long-term future. Returns are not guaranteed.
Educational screening
Check your child's eligibility
Answer a few general questions to see whether a Trump Account may be worth exploring. This tool never asks for names, Social Security numbers or any personal identifiers.
Question 1 of 50%
Will the child be under age 18 at the end of this calendar year?
Educational only, no personal data collected
A balanced view
Benefits and considerations
Every family's situation is different. Weigh the potential upsides against the real trade-offs before deciding.
Potential benefits
- Starts long-term investing early
- Tax-deferred growth
- Possible one-time $1,000 Treasury contribution
- Contributions may come from permitted family members, employers and organizations
- Uses diversified index-fund investments
- Can support financial education
Important considerations
- Investments can lose value
- Account access is restricted while the child is a minor
- Contribution limits apply
- Withdrawals may have tax consequences or penalties
- Investment choices are limited
- The account may not replace a 529 education plan
- Rules and administrative guidance may change
Plan ahead
Growth calculator
Explore how contributions might grow over time. These are hypothetical illustrations, not predictions.
Trump Account growth calculator
yrs
$
$
$
Projection age
Total contributions
$28,200
Estimated growth
$24,295
Projected value at age 18
$52,495
Conservative (4%)Moderate (7%)Optimistic (10%)
Age 2Age 18
Selected scenario value (7%): $52,494.57
Hypothetical illustration only. It does not predict or guarantee investment performance. Actual returns may be higher or lower, and investments may lose value.
Side by side
How Trump Accounts compare
The right combination depends on a family's goals and tax situation.
| Category | Trump Account | 529 education plan | Custodial brokerage |
|---|---|---|---|
| Main purpose | Long-term retirement-style savings for a child | Education expenses | Flexible general investing for a minor |
| Owner or beneficiary | Child is the account owner | Adult owner, child is beneficiary | Child owns assets at the age of majority |
| Government pilot contribution | Possible one-time $1,000 | None | None |
| Tax treatment | Tax-advantaged; confirm current rules | Tax-advantaged for qualified education use | Taxable; may use child's tax rules |
| Contribution rules | Limits apply; permitted contributors | High limits; broad contributors | No federal contribution limit |
| Investment choices | Approved index funds | Plan-selected portfolios | Wide range of investments |
| Access to funds | Restricted while a minor | For qualified education expenses | Transfers to child at majority |
| Common use cases | Early start on long-term wealth | College and school costs | General goals and flexibility |
Step by step
How to open a Trump Account
Accounts are opened through the official IRS process. Here is what that generally looks like.
Create or sign in to an IRS Individual Online Account
Use the official IRS website to access your secure account. This guide never handles your login.
Gather the child's Social Security number, date of birth and address
You will enter these directly with the IRS, not here. Keep this information private.
Complete and submit Form 4547
Form 4547 is the official Trump Account election. Follow the IRS instructions carefully.
Check the election status and follow the official activation instructions
Track your submission status through your IRS account and complete any remaining steps.
Protect your information
This website will never ask for a Social Security number, IRS password or ID.me credentials.
Questions and answers
Frequently asked questions
Straightforward answers to the questions parents and families ask most.
A Trump Account is a type of tax-advantaged individual retirement account created for an eligible child. An authorized adult establishes and manages the account while the child is a minor, but the child is the account owner.
Accounts are generally intended for an eligible child who is under age 18 at the end of the election year. Additional requirements, such as a valid Social Security number, may apply. Always confirm eligibility through official government sources.
No. The one-time $1,000 Treasury contribution is a pilot benefit that may be available only to certain eligible U.S. citizen children born from 2025 through 2028. Not every child qualifies.
An account may still be opened for an eligible child who is under age 18 at the end of the election year, even if they do not meet the birth-year window for the pilot contribution. Confirm details with official sources.
Requirements can differ from other retirement accounts. Confirm current rules on earned income and contributions through official IRS guidance before contributing.
Permitted family members may be able to contribute, subject to applicable limits and rules. Check official guidance for who counts as a permitted contributor.
Certain employers may be permitted to contribute under applicable rules. Contribution rules and limits are set by the IRS and may change.
Yes. Funds are invested in stock-market index funds, so the account value can rise or fall. Returns are not guaranteed and investments may lose value.
Stay current
Latest updates
We record when an announcement was published and, separately, when a rule became effective.
Published July 1, 2026Important
Treasury announces initial investment lineup
The Treasury published the approved list of low-cost U.S. stock-market index funds. Account balances are invested in these diversified funds.
U.S. TreasuryRead update
Published June 15, 2026Important
IRS enables electronic Form 4547 submission
The IRS added electronic submission and status tracking for Form 4547. Families can complete elections and check status online.
Effective: July 4, 2026
IRSRead update
Editorial standards
How we keep this guide accurate
We are an independent publisher. Here is how we handle sourcing so you can trust what you read.
Official sources first
We prioritize IRS, Treasury and statutory guidance.
Human-readable explanations
We translate official information into straightforward language without changing its meaning.
Visible update history
Material changes are dated, sourced and recorded.
What our source labels mean
Each rule and update carries a status so you can see how settled the guidance is.
Confirmed by official guidanceProposed guidanceAwaiting clarification
Get important Trump Account updates
Occasional educational updates when official guidance changes. This is not a government service.