Authorized individuals (such as parents and legal guardians) can claim an account for an eligible child. If you're applying for the $1,000 Pilot Program Contribution as part of claiming, you must be an individual who anticipates that the eligible child will be your "qualifying child" for tax purposes for the year you're filing the claim form.

Only one Trump Account may be claimed per child. The first authorized individual to claim the account becomes the Responsible party, and additional claim attempts for that child will no longer be eligible.

For jointly filed tax returns, the primary taxpayer may be required to complete claiming and serve as the Responsible party, and additional claiming attempts for that child will no longer be eligible.

The account is legally owned by the child (minor under the age of 18) but is managed by a Responsible party (such as a parent or legal guardian). Minors are not allowed by law to manage the account until they reach age 18.

The U.S. Department of the Treasury and its authorized financial service providers may contact you by email, text message, or automated phone call regarding Trump Account activation and administration. Initial activation emails will come only from no-reply@trumpaccounts.treasury.gov. As noted in the initial activation email, future communications will be available in the official Trump Accounts app, or from email addresses ending with @trumpaccount.com. Treasury and its authorized service providers will never ask you to disclose passwords, one-time verification codes, or other sensitive account credentials by email, text message, or phone call.

Anyone can contribute to a child’s Trump Account. Parents, family, and friends can add up to a combined total of $5,000 per year to an eligible child’s account. Employers can contribute up to $2,500 per year, per employee, which counts toward the $5,000 annual limit. Other donors, including non-profit organizations as well as state and local governments, can also contribute to these accounts. Qualified general contributions from non-profit donors or government add extra support and don’t count towards the annual contribution limit. Learn more about Donor gifts.

Parents, family, and friends can make cash contributions to a claimed or activated Trump Account through the contribution options available in the app or website.

Employers may also make contributions to a claimed or activated Trump Account through the employer contribution process, when available. Qualified general contributions from approved donors, including eligible non-profit organizations and state or local governments, may also be deposited into eligible accounts.

Eligible children may also receive the one-time $1,000 Pilot Program Contribution from the U.S. Department of the Treasury, if the Responsible Party elects to receive it when filing the claim form. This contribution does not count toward the account’s annual $5,000 contribution limit.

Asset transfers through the Automated Customer Account Transfer Service (ACATS) or rollover funds or assets from a different type of savings account like a 529 or custodial IRA are not supported. Check out Link accounts for details about linking a bank or debit card for account funding.

The money is automatically invested and held in a dedicated trust account with a registered trustee, with all securities transactions cleared through the Depository Trust and Clearing Corporation (DTCC). This program operates in partnership with a federal record keeper and banking partner. Additionally, your child's investments are protected by SIPC coverage up to $500,000 based on your child’s information. Keep in mind though that SIPC does not protect against losses due to market fluctuations. Explanatory brochure available upon request or at www.sipc.org.

Funds in Trump Accounts will generally remain invested and are not available for withdrawal before the child reaches age 18. Until December 31 of the calendar year in which the child (account beneficiary) reaches age 17, the account has a $5,000 annual contribution limit that is separate from other IRAs that the child may have.

Until the child (account beneficiary) reaches age 18, the following rules apply:

• Can only be invested in eligible investments, and
• Distributions are generally restricted from the account.

Note that after December 31 of the year the child turns 17, no new contributions can be made until the child reaches the age of 18 and the account transitions to a traditional IRA.

After the child (account beneficiary) reaches age 18, the strict block on account withdrawals ends, and the account transitions to, and must follow the standard rules of a traditional IRA. For example, after this time, funds withdrawn from the account can be used without a 10% early distribution tax for certain eligible expenses, such as higher education expenses or a down payment on a first-time home purchase (up to $10,000 lifetime), subject to ordinary income tax but without an additional distribution tax.

A child can also keep the money invested in the account and continue to let it grow, providing potential long-term financial security later.

Trump Accounts, 529 plans, and other child savings accounts each serve different purposes and may complement one another. A 529 plan provides significant tax advantages for families saving primarily for qualified education expenses. A Trump Account is designed to encourage long-term investing for children and offers different contribution opportunities and withdrawal rules. Depending on your family's financial goals, one or several account types may be appropriate.

A unique benefit to Trump Accounts is the one-time $1,000 Pilot Program Contribution from the U.S. Department of the Treasury. Children born during 2025 through 2028 may be eligible to receive this contribution if an election is made by filing the claim form and the child meets the eligibility requirements. Employers, qualified charitable organizations, and state and local governments may also make eligible contributions to Trump Accounts. These contribution opportunities are not available for most other child savings accounts.

These contributions receive tax treatment that differs from contributions to 529 plans.

529 plans are designed to encourage saving for qualified educational expenses and provide valuable tax benefits when used for those purposes. By comparison, after a Trump Account transitions to a traditional IRA at age 18, distributions generally follow the rules applicable to traditional IRAs and may be used for a broader range of purposes, subject to applicable tax rules and penalties.

Unlike a custodial IRA, a Trump Account does not require the child to have earned income before age 18 to receive contributions. After the account transitions to a traditional IRA at age 18, future contributions are subject to the eligibility requirements and contribution limits that apply to traditional IRAs.

529 plans and custodial IRAs cannot be rolled over into a Trump Account.

Same as other traditional Individual Retirement Accounts (IRAs), Trump Account earnings are tax deferred and will remain tax deferred until the money is eventually withdrawn. This means the child won’t pay taxes on investment gains on an annual basis as long as the funds remain invested in the account. After the account transitions from a Trump Account to a traditional IRA without the special rules, when the child reaches age 18, the distributions (withdrawals) of any account earnings, pilot contributions, or qualified general contributions are subject to ordinary income tax. A 10% early distribution tax may apply if the beneficiary is under age 59½ when the withdrawal occurs (unless an exception applies).

Note that individual contributions are after-tax (no upfront deduction), while employer and government contributions are generally pre-tax. The contributions made by individuals (parents or family) are considered "basis" and are tax-free when withdrawn. However, distributions (withdrawals) cannot typically be made until the beneficiary (the child) reaches age 18. Account earnings are tax-deferred, not tax-free. Distributions (withdrawals) of account earnings and employer or government contributions are subject to ordinary income tax upon withdrawal. A 10% early distribution tax may apply if the beneficiary is under age 59½ when the withdrawal occurs.

You’ll get an IRS Form 5498-TA for contributions made to the account for the applicable tax year. For permitted distributions, you’ll receive an IRS Form 1099-R.

Trump Accounts are currently only available in US English. For assistance with translations, we recommend using a trusted translation service.

Your eligible child may already have a Trump Account opened by the U.S. Treasury, without you taking any action. To take on management of it, go through the claiming process in the Trump Accounts app or on the Trump Accounts web portal.

No problem. Your eligible child's account may already exist, opened directly by the U.S. Treasury. You can check by starting the claiming process in the Trump Accounts app or on the Trump Accounts web portal.

Yes! This account belongs to a child and is intended to provide a starting point for their savings.

Your child’s Trump Account contributions will be invested automatically in a default exchange-traded fund (ETF) that provides broad exposure to U.S. companies, allowing the investment to grow over time as those companies grow. All contributions will be automatically invested in SPYM, an index fund that tracks the S&P 500 by holding hundreds of the largest U.S. companies.

Contributions are invested automatically, typically within 1 business day. Investments are made as close to market open as possible, after any dividends for the day have been paid out, and may be grouped with other customers' contributions into a single order.

Please note that investments in the program are not guaranteed by the U.S. government and are subject to market risk.

There are no fees to claim or maintain a Trump Account, including when contributions are made or invested. All contributions go into the account at no cost to the Responsible party or the account beneficiary. However, the investments in the account may be subject to management fees (also called expense ratios). These fees, which cannot exceed more than 0.1 percent of the balance of the investment, are charged by the funds.

Funds remain invested in the account and any returns will be reinvested to take advantage of compounding. This long‑term investment approach is designed to help accounts grow steadily until a child reaches age 18.

No. Earnings in Trump Accounts are tax-deferred, meaning the child does not pay taxes on investment gains each year as long as those earnings remain in the account. This allows more money to stay invested and continue growing over time.

Note that individual contributions are after-tax (no upfront deduction), while employer and government contributions are generally pre-tax. The contributions made by individuals (parents or family) are considered "basis" and are tax-free when withdrawn. However, distributions (withdrawals) cannot typically be made until the beneficiary (the child) reaches age 18. Account earnings are tax-deferred, not tax-free. Distributions (withdrawals) of account earnings and employer or government contributions are subject to ordinary income tax upon withdrawal. A 10% early distribution tax may apply if the beneficiary is under age 59½ when the withdrawal occurs.

Only one responsible party can claim an account for each eligible child. If more than one eligible adult attempts to claim the same account, whichever eligible adult completes the claiming process first becomes the responsible party. Additional claim attempts for that child will no longer be possible once the account is claimed.

No, currently only the responsible party who is managing the account for the child can log in with their credentials. We’re working on allowing read-only access to a designated trusted contact to view your child’s account in the future.

If the responsible party passes away, you’ll need to contact us for assistance. We’ll ask you for an official copy of the death certificate, and we’ll provide you with instructions on how to securely upload it through our portal. We’ll also need details about the person who will manage the account going forward, such as the trusted contact or another authorized individual.

No, you can't switch an existing account from one child to another child. The Trump Account is legally owned by the child for whom the election to open the account was made on the claim form. Only one Trump Account is permitted per child.

Trump Accounts generally remain open until the beneficiary reaches age 18. In limited circumstances, an account may be transferred or closed.

Account transfers. A Trump Account remains active and may be issued a new account number in the following circumstances:

• Change in responsible party. To help protect your child’s account, a new account number will be issued when responsibility for the account changes. This helps ensure the previous responsible party can no longer access the account.
• Transfer (rollover) to another authorized Trump Account trustee (when available).

Account closures. A Trump Account may be closed only in limited circumstances, such as:

• Death of the beneficiary.
• Rollover to an ABLE account.
• After the beneficiary reaches age 18, the assets in the account are transferred to a traditional IRA,—at which point the Trump Account is closed.

Unfunded Trump Accounts generally remain open so they can receive future contributions. If an account still has a $0 balance when the beneficiary reaches age 18, the account will be closed.

When you reach age 18, your account will transition to and follow the standard rules of a traditional IRA. You will then be able to continue to save or withdraw money from your account. If you make a withdrawal, you can use the money for certain eligible expenses, such as higher education or a down payment on a first-time home purchase (up to a $10,000 lifetime), subject to ordinary income tax but without an additional distribution tax. As with any traditional IRA, withdrawals for other, unqualified expenses would be subject to an additional 10% early distribution tax until you reach age 59½.

If you choose to save, any assets that remain in your account, will remain invested and continue to grow over time, providing potential long-term financial security.

Yes! You can view account details just like your parents can. Ask your parents to show you how.

When you reach age 18, you assume management and control of the account and will be prompted to set up your own account login information. At this point, your Trump Account will transition to a traditional IRA, since you will no longer be a minor. Also, the Responsible Party (your parent or other authorized individual) who previously managed the account on your behalf will no longer have access to it.

Yes! You may contribute your own money to your Trump Account before the account transitions to a traditional IRA when you turn 18. For example, you may choose to contribute your own earned income using an eligible funding method available in the Trump Accounts app. These contributions count toward the account’s annual $5,000 contribution limit.

When you reach age 18 and your Trump Account transitions to a traditional IRA, you may continue making contributions, subject to the eligibility requirements (including earned income requirements) and annual contribution limits that apply to traditional IRAs. For details, review IRS’s IRA contribution limits.

If you want to link your bank account or debit card to contribute to your Trump Account, we’ll send you instructions by email and in the app once your account is active and able to accept contributions.

Employers can make contributions as part of an employee benefits program directly into eligible children’s Trump Accounts. Consult your benefits provider for additional information.

Trump Accounts and employer contributions to Trump Accounts are generally not considered “employee pension benefit plans” for purposes of ERISA. See DOL Technical Release 2026-02 for more information.

Yes. Employers can add Trump Account contributions to their Section 125 plan (Cafeteria plan) benefits so that their employees can make contributions up to the annual limit ($2,500 in 2026) for their dependents as salary reductions on a pre-tax basis.

Employers can contribute up to $2,500 per employee per year across all of an employee’s children’s Trump Accounts. If an employee has more than one child with an account, this limit applies to all their children’s accounts, not individually but as a whole. This amount counts toward the $5,000 annual limit on total private contributions for each child. Federal government contributions do not count toward this limit.

Employer contributions of up to $2,500 are excluded from the employee's gross income, providing a tax-advantaged benefit.

Philanthropists can support Trump Accounts through Treasury‑facilitated giving or independent giving, depending on their goals and structure. Visit trumpaccount.gov for more details.

The following resources are available to share with your clients:

• Trump Accounts app or Trump Accounts web portal where customers can claim, access, and manage their children’s Trump Accounts. If customers have not yet claimed a Trump Account, they can use these platforms to file the claim form.
• Official U.S. Treasury website which provides information about Trump Accounts and links to the Trump Accounts web portal and mobile app.
• IRS online account portal where customers can both file and track the claim form submission status.
• Instructions for filing the claim form
  • The form can also be filed as part of an electronically filed tax return.

A newborn's Trump Account follows the same process as any eligible child, but requires the child to have a Social Security number before the account can be claimed. After the child gets an SSN:

• Check whether an account has already been opened by the Treasury by starting the claiming process in the Trump Accounts app or on the Trump Accounts web portal
• Once the account is ready, the authorized individual will receive an activation email to complete the claiming process.

Yes. Clients can file the claim form directly in the Trump Accounts app, the Trump Accounts web portal or through their IRS online account portal. All of these options allow filing of of the claim form with the same IRS processing time of 1–3 business days.

Note: If the client's child already has a Trump Account because the U.S. Treasury opened one automatically, filing the claim form claims for existing accounts rather than creating a new one.

A few things worth flagging to clients who have multiple children:

• Filing the claim form through the Trump Accounts app or Trump Accounts web portal supports up to 16 Trump Account elections at a time, which is useful for clients electing to open accounts for multiple children. The IRS online account portal only allows clients to submit 4 elections per form submission.
• All filing methods require identity verification to submit the form to the IRS, including a photo of a government-issued ID and a live selfie.

No. The responsible party for a child’s Trump Account must be an authorized individual, such as a parent or legal guardian. The account must be registered using the responsible party’s own information, including their email address, which is used for account activation and ongoing account communications.