The Trump Accounts for children officially opened on July 4, 2026, at trumpaccounts.gov and provide an excellent avenue to help kids save for the future. They are available to any U.S. citizen under age 18 with a valid Social Security number. For U.S. citizens born between January 1, 2025, and December 31, 2028, they are eligible to receive a one-time $1,000 government contribution to their account. Typically, the person who will claim the child on their taxes is considered the authorized individual to open the account in this order: first the legal guardian, then a parent, followed by an adult sibling, and finally the grandparent. A total of $5,000 can be contributed annually by parents, guardians, family, and friends. Employers can contribute up to $2,500 per year, tax-free for the employee or the employee’s dependent, but it does count to the $5,000 annual maximum contribution. The funds are invested in mutual funds or ETFs, tracking the S&P 500 or U.S. equity indexes. Once the child turns age 18, the distributions will be taxed by similar rules that apply to withdrawals from traditional IRAs.
Trump Accounts