06/05/2026
Families with children born between January 1, 2025, and December 31, 2028, may want to take note of this new savings opportunity. Trump Accounts, also known as 530A accounts, are tax-advantaged investment accounts intended to help children under 18 start building long-term savings early.
Any U.S. child under age 18 with a valid Social Security number may qualify for a Trump Account. Children born between January 1, 2025, and December 31, 2028, may also be eligible for the one-time $1,000 Treasury pilot contribution. In addition, parents, employers, relatives, and friends can contribute up to a combined $5,000 per year.
Parents and guardians can use the Trump Accounts app, which went live last week, to open and manage the account, view contributions, and track performance. To get started, a parent or other authorized individual can submit Form 4547 through an IRS account or sign up trumpaccounts.gov. Once the account is active, it can be managed in the app and funded when contributions open. If your family may qualify, now is a good time to review the rules and next steps.