Trump Accounts are a new type of tax-advantaged investment account established under the One Big Beautiful Bill Act that are designed to help children build long-term savings from an early age. They are similar in some respects to retirement accounts (like traditional IRAs), in that growth is tax-deferred, and the accounts are held in the child’s name with a parent or guardian acting as custodian until age 18.
• Any U.S. child under age 18 with a valid Social Security number may have a Trump Account opened for them by a parent or guardian. • Children born between January 1, 2025 and December 31, 2028 are eligible for a one-time $1,000 federal seed contribution when a Trump Account is established for them.
• Annual Limit: Parents, relatives, friends, or employers can contribute up to $5,000 per year per child, including up to $2,500 of employer contributions that do not count as income to the child or parent.
