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IRS Notice 2025-68 · IRC §530A · Form 4547

Trump Accounts, Explained in Plain English

Your child may qualify for a $1,000 federal investment account. We translate IRS jargon into simple answers for exhausted parents, confused employers, and overwhelmed tax preparers.

$1,000 Free Deposit — Time Left

Babies born before Dec 31, 2028 get a free $1,000 federal deposit

1023

Days

18

Hours

07

Minutes

05

Seconds

Check Eligibility

$1,000

Federal deposit per child

$5,000/yr

Annual contribution limit

$2,500/yr

Employer match (tax-free)

Jul 4, 2026

Accounts go live

Who Qualifies for a Trump Account?

There are only three requirements — and no income limit.

U.S. Citizen

The child must be a United States citizen

Valid SSN

Must have a Social Security Number

Under 18

Must be under 18 at end of election year

$1,000 federal pilot deposit: Only children born January 1, 2025 – December 31, 2028 receive the free $1,000. Children born outside this window can still open a Trump Account — they just won't get the deposit. There are no income restrictions — a family earning $30K and a family earning $3M both qualify equally.

Try Our Free Calculators

All tools run in your browser. We don't collect or store any personal data.

Growth Calculator

Millionaire Baby Calculator

$5,000

$200/mo

8%

Projected Value at Age 18:

$117,051

Calculate Now
Full calculator →

Eligibility Checker

Eligibility Checker

US Citizen?
Valid SSN

You Qualify for the $1,000 Grant!

Full checker →

Employer Match

Employer Match Tool

Trump Account

$2,500/year

Employer Match

$2,500/year

$2,500/yr
$2,500/yr

Total Annual Benefit Increase:

$5,000/year

Learn More
Full calculator →

The Translation Layer

We read the IRS documents so you don't have to.

📜 What the IRS says (Notice 2025-68, Section 3.02)

"An initial Trump account is a trust created or organized in the United States for the exclusive benefit of an eligible child as designated beneficiary..."

In plain English:

It's an investment account opened for your kid. The money belongs to them. It's held by a financial institution (like Fidelity or Vanguard) and invested in S&P 500 index funds until they turn 18.

Frequently Asked Questions

What are Trump Accounts?
Trump Accounts are tax-advantaged investment accounts created by the One Big Beautiful Bill Act under IRC §530A. Every eligible U.S. citizen child born between 2025–2028 can receive a $1,000 federal pilot deposit. The money is invested in S&P 500 index funds during the "growth phase" (birth to 18), then converts to a traditional IRA. Parents and employers can contribute up to $5,000/year. Read the full guide →
How do I open a Trump Account for my child?
File IRS Form 4547 with your 2025 tax return (due April 15, 2026). You can also use the trumpaccounts.gov portal starting mid-2026, or mail the form. You'll need your child's Social Security number. The IRS will send activation info starting May 2026. Step-by-step guide →
Who qualifies for the $1,000 federal deposit?
U.S. citizen children born between January 1, 2025 and December 31, 2028 who have a valid Social Security number. There are no income restrictions — every qualifying child gets the same $1,000. Children older than this can still open a Trump Account but won't receive the pilot deposit. Check your child's eligibility →
Is this different from a 529 plan?
Yes. A 529 is for education expenses with tax-free withdrawals. A Trump Account converts to a traditional IRA at 18 — the money can be used for anything. Different tax treatment, different limits, different investment options. Most families should use both. See full comparison →