How much could it grow?
Who is eligible
| Who qualifies | |
|---|---|
| A Trump account | A child with a valid Social Security number who won't turn 18 before the end of the year the account is opened |
| The $1,000 government contribution | A U.S. citizen born January 1, 2025, through December 31, 2028, with a valid Social Security number; paid once |
The Treasury automatically enrolled eligible children starting October 1, 2026. A parent or other authorized person still has to claim the account in the Trump Accounts app before managing it.
How to get the $1,000
- Claim your child's account in the Trump Accounts app (Apple App Store or Google Play). You'll verify your identity and your authority over the account.
- Elect the $1,000 pilot program contribution on Form 4547. You can submit it in the Trump Accounts app, on trumpaccounts.gov or in your IRS Individual Account. You must elect it even if the account was opened automatically.
- Have ready: your name and identifying information, and your child's legal name, Social Security number and date of birth, matching Social Security records.
Help: the Trump Accounts Help Center or 866-USA-4547. Use only the official channels: the Trump Accounts app, trumpaccounts.gov or IRS.gov.
Contribution limits
| Source | Limit |
|---|---|
| Government pilot contribution | $1,000, once, for children born 2025 to 2028. Not counted toward the yearly limit. |
| Family, friends and others, plus employer | $5,000 a year combined |
| Employer (section 128) | Up to $2,500 a year, inside the $5,000 |
The $5,000 and $2,500 limits rise with inflation after 2027. A child doesn't need earned income to receive contributions.
The rules in brief
- Investments: only mutual funds or ETFs that track an index of mostly U.S. companies.
- Taxes: contributions aren't deductible for parents; growth is tax-deferred, and earnings are taxed when withdrawn.
- Withdrawals: none before January 1 of the year the child turns 18, except rollovers, an ABLE rollover at 17, excess contributions or death.
- From 18: traditional IRA rules generally apply. Withdrawals before 59½ can owe a 10% additional tax unless an exception applies, such as higher education or a first home.
Other parts of the same law
The 2025 tax law that created Trump accounts also added deductions for overtime, tips, people 65 and older and car loan interest, and raised the child tax credit to $2,200. See your refund with the tax refund calculator.
Common questions
What is a Trump account? A Trump account is a new kind of traditional IRA for children, created by the 2025 tax law. Family members, employers and the federal government can put money in while the child is under 18, it is invested in low-cost funds that track U.S. stocks, and the child can't take money out until the year they turn 18.
Who is eligible for a Trump account? A child with a valid Social Security number who won't turn 18 before the end of the year the account is opened. The Treasury automatically enrolled eligible children starting October 1, 2026; a parent or other authorized person claims the account in the Trump Accounts app.
Who gets the $1,000 from the government? Children who are U.S. citizens, were born from January 1, 2025, through December 31, 2028, and have a valid Social Security number. You must elect it on Form 4547 (in the Trump Accounts app, on trumpaccounts.gov or in your IRS Individual Account), even if the account was opened automatically. It is paid once.
How much can I put in a Trump account each year? Up to $5,000 a year from family and others combined, including up to $2,500 from an employer. The government's $1,000 doesn't count toward that limit. Both limits rise with inflation after 2027.
Are contributions tax-deductible? No. Parents can't deduct contributions. The money grows tax-deferred, and the earnings are taxed when the child withdraws them as an adult, under traditional IRA rules.
When can my child use the money? Not before January 1 of the year they turn 18. After that, traditional IRA rules generally apply: withdrawals before 59½ can owe a 10% additional tax unless an exception applies, such as higher education expenses or a first home purchase.
Do older kids qualify? Yes for the account, no for the $1,000. A 10-year-old can have a Trump account and receive family and employer contributions, but only children born 2025 through 2028 get the government's $1,000.
Updated November 5, 2026. Sources: IRS, "Trump Accounts" (IRS.gov/trumpaccounts, reviewed October 21, 2026); IRS Instructions for Form 4547 (12/2025). Growth figures are hypothetical.