01/19/2026
📢 New $1,000 “Trump Account” for Kids — What You Need to Know
📌 Starting with your 2025 tax filing, parents and guardians can register for a new government-backed savings account for their children called a Trump Account.
💰 What it is:
A Trump Account is a tax-advantaged investment account created by federal law where the government will deposit a one-time $1,000 for each eligible child born between January 1, 2025 and December 31, 2028.
📆 When you can use it:
You enroll when you file your 2025 taxes by completing IRS Form 4547.
The accounts aren’t active until at least July 5, 2026.
👶 Who qualifies:
Any U.S. child under 18 with a valid Social Security number.
The $1,000 government deposit is only for children born 2025–2028.
📈 How it works:
The money goes into an investment account and grows tax-deferred until the child turns 18.
Parents, family, employers and others can contribute up to $5,000 per year on top of the government seed money.
Funds generally can’t be withdrawn until age 18 without penalties similar to retirement accounts.
👉 Why it matters: This gives eligible kids a free $1,000 head start on savings that can grow over time with the potential for significant compounding by adulthood.
