“Trump Accounts,” introduced under the One Big Beautiful Bill Act, are a new tax-advantaged savings vehicle designed to help families begin investing for children from an early age. Available for individuals under 18, these accounts aim to support long-term financial goals such as education, home ownership, business creation, or retirement.
Purpose: Tax-advantaged savings accounts designed to support a child’s future
Eligibility: Children under 18 with a Social Security number. $1,000 federal seed deposit for those born between 2025–2028
Account Structure: Custodial IRA-style account (child owns assets). Managed by parent/guardian until age 18
Contributions: Up to $5,000 annually (indexed for inflation), Contributors may include: 1.) Family, Friends; Employers; Charities and Government Entities
Investment Rules: Must invest in low-cost index funds/ETFs (e.g., S&P 500)
Access & Withdrawals: Funds generally locked until age 18. May be used for: Education; First home; Starting a business
Account Setup & Timing: Open via IRS Form 4547 or online portal. Contributions expected to begin July 2026
The Trump Account is only one of many savings type accounts. Please consult with your accountant or financial advisor.
