Trump Accounts: How to Apply and Get Your Child’s $1,000 or $250 Seed Deposit

The federal government launched the "Trump Accounts" program—officially recognized as 530A accounts—on July 4, 2026. These accounts, created under the One Big Beautiful Bill Act, function as tax-advantaged investment vehicles specifically designed to build long-term capital for minors.

What Is a Trump Account?

A Trump Account operates as a custodial-style Traditional IRA for children. The account is legally owned by the child, while the parent or legal guardian serves as the custodian, managing investments and monitoring the account until the child turns 18. Assets in these accounts are invested in low-cost index funds or ETFs that track broad market indices, prioritizing long-term growth.

Eligibility and Seed Funding

There are two primary "seed" deposit opportunities available at the program's launch:

• $1,000 Federal Pilot Contribution: Available to U.S. citizen children born between January 1, 2025, and December 31, 2028. This is a one-time government-funded deposit that does not count against annual contribution limits.

• $250 Charitable Deposit: Available to children age 10 or younger (born before 2025) who reside in specific ZIP codes with a median household income below $150,000. These deposits are funded by private philanthropic organizations, such as the Michael & Susan Dell Foundation.

How to Apply

Families can establish a Trump Account through the following methods:

1. Online Portal: Visit TrumpAccounts.gov to verify eligibility and submit an electronic application.

2. IRS Form 4547: You may elect to open an account by filing IRS Form 4547. This can be submitted electronically through an IRS Online Account, e-filed with an annual tax return, or mailed as a paper document.

3. Authentication: The application process typically requires identity verification through a secure service, such as ID.me.

Frequently Asked Questions (FAQ)

Q: Can I open an account for a child older than 10?

A: Yes. Any child under age 18 with a valid Social Security number is eligible to have a Trump Account opened on their behalf, regardless of whether they qualify for the $1,000 or $250 seed deposits.

Q: What are the annual contribution limits?

A: Families, friends, and employers may contribute up to $5,000 per year, per child. Employers can contribute up to $2,500 annually toward that limit. These figures do not include government or charitable seed deposits.

Q: When can the funds be accessed?

A: Funds are generally locked until the year the beneficiary turns 18. After this period, the account transitions to standard Traditional IRA rules, where funds may be used for various purposes—including education, business ventures, or first-home down payments—subject to standard income tax regulations.

Q: Is there a mobile application for account management?

A: Yes. Once an account is successfully established through the IRS, it can be managed via the official Trump Accounts mobile app to track balances and coordinate contributions.

Disclaimer: This content is for informational purposes only and does not constitute financial or legal advice. Program eligibility and tax regulations are subject to change. For specific guidance regarding your financial situation, consult a certified tax professional or visit TrumpAccounts.gov.