10/23/2026
💰 Parents and grandparents: Have you looked into Trump Accounts?
These new retirement accounts help eligible children start saving for their future. Here are the important things to know:
👶 A possible $1,000 head start
Eligible U.S. citizen children born January 1, 2025–December 31, 2028, can receive a one-time $1,000 federal contribution. A separate election is required to request this benefit.
🎁 Family members can contribute
During the childhood savings period, contributions generally total up to $5,000 per child annually—not $5,000 per contributor. Family contributions are not tax-deductible. Certain government and charitable contributions are outside this limit.
🏢 Employers can help, too
Participating employers can contribute up to $2,500 annually per employee toward accounts for the employee or their dependents, without adding that amount to the employee’s taxable income. These contributions count toward the applicable $5,000 account limit.
📈 The money is invested
Funds generally go into qualifying low-cost index mutual funds or ETFs that track primarily U.S. companies. Investment values can rise or fall.
🔒 This is long-term savings
Withdrawals are generally restricted until January 1 of the year the child turns 18. Traditional IRA withdrawal rules then generally apply—including possible income taxes and a 10% early-withdrawal penalty unless an exception applies. Turning 18 does not make the money automatically tax-free or penalty-free.
💝 Additional contributions may be available
Michael and Susan Dell have committed $250 contributions for qualifying children born in 2016–2024. Specific eligibility requirements apply.
✅ Check your child’s account
Treasury began automatically enrolling eligible children October 1, 2026. Parents or guardians still need to claim and activate the account to manage it, and separately request the $1,000 federal contribution if eligible.
Start with the official website:
https://www.trumpaccounts.gov
Have questions about how this fits into your family’s tax planning? Contact our office.
CFO Tax and Advisory
Melissa A. Rhodes, CPA
📞 912-600-3182
General educational information; individual eligibility and tax treatment vary.
Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.
