Any child under the age of 18 who has a valid Social Security number can have a Trump Account established for them. Each child may have only one Trump Account. Check official rules .
U.S. citizens born between January 1, 2025, and December 31, 2028, who have a Social Security number are eligible for the one-time $1,000 seed deposit from the Treasury. This contribution does not count toward the annual limit.
You can open a Trump Account by making an election using IRS Form 4547 with your tax return or through the official online portal at trumpaccounts.gov. The election must be made by December 31 of the year the child turns 17.
Form 4547 is the official IRS form used to elect and establish a Trump Account and to request the $1,000 pilot program contribution (if eligible). It can be filed with your federal tax return or submitted electronically.
No contributions, including the $1,000 government seed, can be made before July 4, 2026. After this date, family, employer, and other allowed contributions may begin.
During the growth period, the aggregate limit for contributions from individuals and employers is $5,000 per year (subject to future inflation adjustments). The $1,000 government pilot contribution and qualified rollovers do not count toward this limit. Employers may contribute up to $2,500 per year.
During the growth period (until the child turns 18), funds must be invested in broad-based U.S. equity index mutual funds or ETFs (such as those tracking the S&P 500 or similar indexes) with an annual expense ratio of 0.10% or less. Leverage and individual stocks are not permitted.
Yes. Trustee-to-trustee rollovers of the entire account balance to a private custodian (such as Fidelity, Schwab, or Vanguard) are allowed after the initial Treasury account is established. This is called a qualified rollover contribution.
Some employers have announced matching programs. For example, certain companies offer up to $1,000 or $2,500 in contributions to their employees’ children’s Trump Accounts. Check with your employer for details, as these are voluntary programs.
Once the child reaches age 18 (or the year they turn 18), the special growth-period rules end, and the account converts to a standard traditional IRA. Normal IRA rules then apply, including distribution options.
No – see disclaimer above.
