02/20/2026
For any clients that welcomed children in 2025, I wanted to share information on a new program called Trump Accounts that offers families $1,000 per child. The $1,000 per child isn't a typical tax credit, but instead acts as an investment account (to which parents can continue to contribute if they wish) and that the child will ultimately receive when they turn 18.
Though the Trump Accounts website won't be accepting submissions to the program until the summer of 2026, a Form 4547 can be processed with 2025 tax filings in order to enroll qualifying children into the program. The Trump Accounts program will be effective for children born through December 31, 2028.
Please reach out with any questions on this program or to have qualifying children enrolled as part of your 2025 tax filing!
IR-2025-117, Dec. 2, 2025 — The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account for eligible children.