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Trump Accounts: How to Set One Up and When to Get It

How to Set Up a Trump Account for Your Child

A tax-advantaged investment account for U.S. kids — starting in 2026

Starting in 2026, the U.S. has a new kind of savings account for children, called a Trump Account (under tax code §530A). In simple terms, it’s a long-term investment account for your child with tax advantages, owned by the child but managed by a parent or guardian until they turn 18.

💰 A free $1,000 from the government

For children who are U.S. citizens born between Jan 1, 2025 and Dec 31, 2028. This is the single biggest reason to open one early.

👶 Who qualifies

A parent or legal guardian opens the account.
The child needs a Social Security number and must be under 18 (at least one parent needs an SSN or ITIN).
To get the $1,000 government deposit, the child must be a U.S. citizen born 2025–2028.
Only one account per child (the IRS rejects duplicates).

📝 How to open one — step by step

Step 1 — Check eligibility

Your child needs an SSN and must be under 18. If born 2025–2028, they also qualify for the free $1,000.

Step 2 — Register the account

File IRS Form 4547, or register online at trumpaccounts.gov.

Step 3 — Download the Trump Accounts app

The official app launched May 28, 2026 on the App Store and Google Play. Sign up with your email, verify the code, add a phone number, and create a password.

Step 4 — Activate the account

Ahead of the July 4 launch you’ll get a setup email. Verify your identity and provide dates of birth and SSNs for you and your child.

Step 5 — Choose your investment

Pick a low-cost index fund that tracks the S&P 500 or a similar U.S. stock index.

Step 6 — Start contributing

From July 4, 2026, add your own money (up to $5,000/year) and turn on an employer match if offered.

💵 How contributions work

Family + employer can add up to $5,000/year per child (employer up to $2,500 of that).
The child does not need any income.
No parent income limit.

⏰ Key things to remember

Accounts apply starting in 2026.
No contributions before July 4, 2026.
Money is generally locked until the child turns 18, then works like a traditional IRA.

⚠️ Watch for scams: Official emails come only from no-reply@trumpaccounts.treasury.gov. The Treasury will never contact you by mail, text, or phone about Trump Accounts.

Bottom line

This is a way to save and invest early for your child. If you have young kids, it’s worth knowing about so you can prepare — no rush, but don’t miss the free $1,000.

This article is for general information only and is not financial, tax, or legal advice. Rules may change — please confirm details at trumpaccounts.gov or with a qualified advisor before deciding.