Trump Accounts officially launched on July 4th, 2026. Eligible children can receive a $1000 federal seed contribution for children born 1/1/25-12/31/28. Families can contribute up to $5000 per year. Accounts are designated for long-term wealth building and retirement savings. Accounts can be opened through TrumpAccounts.gov or filing IRS Form 4547. Please share my video with a new parent.
Trump Accounts offer tax deferred growth on earnings. Family contributions are made with after tax dollars, and eligible employer contributions may be excluded from the employee’s taxable income. A one time $1,000 federal contribution may be available for eligible children born between 2025 and 2028. Distributions are generally prohibited during the child's growth period and, once permitted, are taxable as ordinary income and may be subject to a 10% IRS early distribution penalty if taken before age 59½. Contribution limits and other restrictions apply, and some rules remain subject to future Treasury and IRS guidance. Consult a qualified tax advisor or financial professional before making decisions.