What is a Trump Account?

A Trump account is a new, tax-advantaged custodial Individual Retirement Account (IRA) for children under 18, created by the One Big Beautiful Bill Act (OBBBA) and launching in 2026

• No contributions necessary—but you can deposit up to $5,000 per year to maximize growth.
  Your account balance will grow over time on its own, whether you choose to contribute additionally or not. You may contribute up to $5,000 per year to accelerate gains.
• The account is fully in your child’s name, and you are the sole custodian until they turn 18. –
  They’re free to continue letting it grow, or they can withdraw funds right away to use for things like education or a home—with all the tax advantages of a traditional IRA.
• Get $1,000 for every American child born between January 1, 2025 and December 31, 2028. –
  The federal government will make a one-time $1,000 contribution for each eligible child’s account

– Enroll your child at anytime or by making an election when you file your 2025 taxes –

Additional Information:

Overview of Trump Accounts

• Parents, guardians, or others can establish a Trump Account for an eligible child
• Trump Accounts cannot be funded before July 4, 2026
• The federal government will make a one-time $1,000 contribution for each eligible child’s account
• Authorized contributions from individuals and employers are allowed up to $5,000 per year
• Employers can contribute up to $2,500 per year toward an employee’s or dependent’s Trump Account without it counting as taxable income for the employee
• Funds must be invested in certain mutual funds or exchange-traded funds that track a U.S. stock index such as the S&P 500

Withdrawal and use

• Generally, money cannot be withdrawn before the year the child turns 18
• After that point, the account is treated like a traditional IRA with similar tax rules