This page summarizes official information from trumpaccounts.gov and IRS/Treasury guidance, written in parent-friendly language.
One page that answers the questions parents actually ask
A Trump Account is a new type of traditional IRA created for children under 18. It includes special rules during the “growth period” (before January 1 of the year the child turns 18).
Search this guide
Try: “SSN”, “Form 4547”, “born 2025”, “employer”, “withdraw”, “age 18”, “index fund”.
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- Child’s full name + date of birth
- Child’s SSN status (issued?)
- Whether child was born between Jan 1, 2025 and Dec 31, 2028
- Whether you use a tax preparer or file yourself
Basics: what a Trump Account is
Simple explanation first — then details.
Who owns it?
The child owns the account. A parent/guardian acts as custodian until the child turns 18.
What makes it different?
Special rules apply during the “growth period,” including investment and withdrawal restrictions.
Is it tax-advantaged?
Yes — built on traditional IRA mechanics. Taxes depend on timing and withdrawal rules.
Timeline & key dates
What happens when — and what parents should do.
| Date / Age | What it means | Parent action |
|---|---|---|
| Before Jul 4, 2026 | Extra contributions can’t be made before this date (per IRS guidance). | Get ready to enroll; keep child SSN available. |
| Jul 5, 2026 | Public launch target on trumpaccounts.gov (“Launching July 5, 2026”). | Watch the portal for the enrollment workflow and participating institutions. |
| Tax filing time | Portal indicates you “enroll your child by making an election when you file your taxes.” IRS guidance references Form 4547. | Tell your preparer: “Add Trump Account election (Form 4547).” |
| Before Jan 1 of year child turns 18 | This is the “growth period.” Distributions are generally prohibited (narrow exceptions). | Plan for long-term savings, not short-term use. |
| Jan 1 of year child turns 18+ | Account generally follows traditional IRA rules (possible tax + 10% additional tax if early distribution and no exception). | Consult a tax pro before withdrawals. |
Eligibility: who qualifies?
Two separate questions: eligible to open, and eligible for the $1,000 pilot deposit.
1) Eligibility to establish a Trump Account
Generally, IRS guidance indicates the child must:
- Be under 18 for the year the election is made.
- Have a valid SSN issued before the election date.
- Have a Trump Account election made (generally by a parent/guardian).
2) Eligibility for the $1,000 pilot deposit
Portal highlights the pilot deposit for children who:
- Are born between Jan 1, 2025 and Dec 31, 2028
- Are U.S. citizens
- Have a valid SSN and a proper election/account setup
Money rules: contributions & investments
How much can be added, who can add it, and where it can be invested.
Annual limit (most contributions)
During the growth period, employer contributions + other-source contributions are capped at an aggregate $5,000 per year (indexed after 2027).
Employer contributions (special cap)
Employers can contribute up to $2,500/year for an employee or dependent (counts toward the $5,000 annual cap).
Investment restrictions
Growth-period investments are limited to eligible index-tracking mutual funds or ETFs focused primarily on U.S. companies, with constraints like no leverage and very low fees.
Contribution types (plain list)
Parent takeaway: contributing is optional, but the earlier the money is invested, the more time it has to grow.
Withdrawals & taxes
Most important: “Can I take the money out?” and “What tax happens?”
Before age 18 (growth period)
During the growth period, distributions are generally not allowed, with limited exceptions. Treat this as long-term savings.
At/after age 18
Starting January 1 of the year the child turns 18, the account generally follows traditional IRA rules. Distributions may be taxed as ordinary income, and the 10% additional tax may apply if it’s an early withdrawal and no exception applies.
Parent FAQ (searchable)
Use the search bar above to find keywords inside these answers.
Is the $1,000 pilot deposit automatic?
The official portal highlights the $1,000 for eligible births (2025–2028), but it is tied to proper enrollment and election/setup steps. Watch trumpaccounts.gov for the exact workflow.
My child was born outside 2025–2028. Can we still open a Trump Account?
The pilot deposit is limited to eligible births, but IRS guidance describes Trump Accounts as a new IRA type for children under 18 (with valid SSN) when the election is made. That suggests many children could still open an account even without the pilot deposit, subject to final rules.
Do parents have to contribute any money?
No. The official portal states no contributions are necessary. Contributions are optional (within limits) if you want the account to grow more.
How much can we contribute each year?
During the growth period, employer contributions plus other-source contributions are capped at an aggregate $5,000/year (indexed after 2027). Employers are capped at $2,500/year (counts toward the $5,000).
What can it be invested in?
During the growth period, investments are limited to eligible index-tracking mutual funds/ETFs focused primarily on U.S. companies, with constraints like no leverage and very low fees.
Can we withdraw money before 18 for school or emergencies?
Generally no — growth-period distributions are generally prohibited, with narrow exceptions. Plan as if funds are locked until the year the child turns 18.
Is there a tax deduction for contributions?
IRS guidance indicates no individual deduction is allowed for contributions to a Trump Account during the growth period.
How do we enroll?
trumpaccounts.gov indicates enrollment happens by making an election when you file taxes. IRS guidance references Form 4547 (Trump Account Election(s)) as the election form (draft then final).
Official sources
Primary references used to build this guide.
- trumpaccounts.gov
- IRS — Trump Accounts overview page
- IRS News Release (Dec 2, 2025)
- IRS Notice 2025-68 (PDF)
Disclaimer: This is educational content, not legal/tax advice.
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