Tax documents aren’t available at this time but will be available in tax season.

No. You and your child do not pay taxes on Trump Account earnings. Earnings are tax-deferred, which means your child doesn’t pay taxes on investment gains each year, as long as those earnings remain in the account.

No, personal contributions made by parents, legal guardians, or other individuals are not tax-deductible.

Each year, you’ll receive a Form 5498-TA for each child’s Trump Account that received contributions during the year. You can refer to the information on this form when filing your taxes, but generally don’t need to file this informational form with your taxes.

Note that if a permitted distribution occurs (such as return of excess contributions or a distribution due to the death of the beneficiary), you'll receive a Form 1099-R. However, you will not receive other types of Form 1099s (like 1099-DIV or 1099-INT).

If your employer participates in a Trump Account contribution program, they can contribute up to $2,500 per employee, per year to an eligible child’s account. This annual limit is per employee and not per dependent of the employee. For example, in 2026, an employer can contribute up to $2,500 into one child's account, but if the employee has multiple dependents with Trump Accounts, then the employer may only contribute up to $2,500 in the aggregate to those Trump Accounts. Employer contributions are
excluded from your gross income (meaning they are pre-tax). They do not create basis in the account, meaning they will be subject to ordinary income tax when eventually withdrawn by the child.

Unlike some other account types, contributions to your child’s Trump Account cannot be specified for a prior tax year. All contributions count toward the annual limit for the calendar year in which the contribution is made.

We do not provide tax advice. For specific questions, consult a tax professional.