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A Trump Account is a traditional-IRA-type account for a child under 18 at year end with a valid SSN; adults can't open one today. Treasury adds $1,000 only for U.S.-citizen children born in 2025 through 2028. Elect on Form 4547 with your tax return or at irs.gov/trumpaccounts.
Updated Oct. 21, 2026. Born Jan. 1, 2025 through Dec. 31, 2028 (26 U.S.C. 6434). Sources below.
| Trump Account | $1,000 Treasury pilot contribution | |
|---|---|---|
| Age / birth date | Under 18 at the end of the year of the election (for 2026: born after Dec. 31, 2008) | Born Jan. 1, 2025 through Dec. 31, 2028 |
| Social Security number | Valid for employment, issued before the election | Same |
| Citizenship | Not listed as a requirement in the IRS instructions | U.S. citizen |
| Other | No earlier Trump Account election for the child | No earlier pilot election processed; expected to be the qualifying child of the person electing |
(IRS Instructions for Form 4547 (12/2025) · 26 U.S.C. 6434 · IRS.gov/trumpaccounts)
Who can elect to open the account: a legal guardian, parent, adult sibling or grandparent, in that order of priority. To also request the $1,000, the person electing must expect the child to be their qualifying child for that tax year. (IRS Instructions for Form 4547 (12/2025))
| Contribution type | Annual limit during the growth period |
|---|---|
| Pilot program contribution from the U.S. Treasury | $1,000 once per eligible child; not subject to the annual limit |
| Qualified general contributions (states, local governments, the U.S., D.C., tribal governments, 501(c)(3) charities) for a qualified class of children | Not subject to the annual limit |
| Qualified rollover contributions (whole balance moved to a new Trump Account) | Not subject to the annual limit |
| Section 128 employer contributions (to an employee's or employee's dependent's account) | $2,500, and counts toward the $5,000 |
| Contributions from other sources (the child, parents, anyone else) | $5,000 total with employer contributions |
The $5,000 and $2,500 amounts are subject to cost-of-living adjustments after 2027. Contributions can't be made before July 4, 2026, and the child doesn't need earned income. No one can deduct contributions. (IRS Instructions for Form 4547 (12/2025) · 26 U.S.C. 530A)
The math: if an employer puts in $2,500 this year, others can add $2,500 more ($5,000 − $2,500). A child born in 2026 whose account gets the $1,000 can still receive the full $5,000 from family and others that year.
Growth period: the special rules last until Dec. 31 of the year before the child turns 18. Money can only go into eligible mutual funds or ETFs that track an index of mainly U.S. companies, and withdrawals generally aren't allowed until then. After that, traditional IRA rules generally apply. (IRS Instructions for Form 4547 (12/2025))
Facts, not financial advice. We don't recommend whether to open or fund a Trump Account. Rules come from the IRS, Treasury and the U.S. Code with dates.
A child born after Dec. 31, 2024 and before Jan. 1, 2029 who is a U.S. citizen, has a valid Social Security number, has not had a prior pilot program election processed, and is expected to be the qualifying child of the person making the election (IRS Instructions for Form 4547; 26 U.S.C. 6434).
A child who is under 18 at the end of the year the election is made and has a Social Security number valid for employment issued before the election. For an election in 2026, the child must have been born after Dec. 31, 2008 (IRS Instructions for Form 4547).
File IRS Form 4547 with your tax return, or sign in to your IRS account with ID.me at irs.gov/trumpaccounts and submit Form 4547 online. TrumpAccounts.gov says Treasury automatically enrolled eligible children on Oct. 1, 2026, and a parent or guardian must claim the account in the official Trump Accounts app to manage it and to receive the $1,000.
No, not under current law. 26 U.S.C. 530A limits new accounts to children under 18. Expanding Trump Accounts to people under 40 was reported as a proposal on Oct. 20 and 21, 2026; it is not law.
$5,000 a year in total from parents, family, the child, others and employers, adjusted for inflation after 2027. Employer contributions count toward that $5,000 and are capped at $2,500. The $1,000 pilot contribution, qualified general contributions from governments or charities, and qualified rollovers don't count toward the limit (IRS Instructions for Form 4547).
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.