President Trump unveiled a new savings initiative Tuesday designed to help young Americans build a financial foundation before reaching adulthood. The program, officially called “Trump accounts,” provides children with a starter fund once they turn 18.
Signed into law under the Big Beautiful Bill, the program will give U.S. citizens born between January 1, 2025, and December 31, 2028, an initial $1,000 in a tax-deferred investment account.
“Trump accounts will be the first real trust funds for every American child,” President Trump told reporters. The program also received a major boost on Tuesday, when Michael and Susan Dell pledged $6.25 billion to fund accounts for children aged 10 and under who were born before 2025, contributing $250 per eligible account.
How to Open a Trump Account
Parents and guardians can sign up for the accounts using a new IRS form, Form 4547—a nod to Trump’s presidential number. A dedicated government website will host the sign-up sheet, and the Treasury Department will follow up with applicants by May 2026.
Starting July 4, 2026, families, employers, charities, and governments can contribute up to $5,000 per year to each account. All contributions will be invested in low-cost U.S. equity index funds, offering simple, long-term growth. More details about the program will be available on the Trump accounts website beginning December 17.
How Trump Accounts Work
At birth, each eligible child will receive a $1,000 government deposit in a tax-deferred investment account. Parents and guardians can add up to $5,000 annually, while employers can contribute up to $2,500 per year. Funds are invested exclusively in low-cost U.S. equity index funds, working much like an IRA that grows over time.
Eligibility and Access
Trump accounts are available to any U.S. child under 18 with a Social Security number. Only children born between 2025 and 2028 will receive the initial $1,000 government deposit, but others may still open accounts and invest their own money. There are no income requirements for participation.
Funds in Trump accounts cannot be withdrawn until the child turns 18. At that point, the account can be rolled into an individual retirement account. Beneficiaries may use the money for education, starting a business, buying a first home, or leave it invested to continue growing as an IRA.