Trump Accounts

A Trump Account is a type of traditional IRA account established under IRC §530A. Any U.S. child under 18 with a Social Security number is eligible to open a Trump Account. The account is held in the child’s name, with a parent or guardian serving as custodian until the child reaches age 18.   

A Trump account is subject to certain special rules on contributions, investments, distributions, and reporting that other traditional IRAs aren’t subject to. After the child turns 18, most of the special rules no longer apply and traditional IRA rules generally apply. 

For U.S. citizens born between January 1, 2025, and December 31, 2028, the federal government will make a one-time $1,000 contribution—called the pilot program payment—into each child’s Trump Account. 

For all account holders, regular contributions to Trump Accounts can begin starting July 4, 2026. Investment options in Trump accounts are limited to low cost mutual funds or ETFs that track broad U.S. equity indices (such as the S&P 500). There is an annual cap on contributions to Trump Accounts that is adjusted for inflation.

For more information on Trump Accounts visit Trumpaccounts.gov.