Does Your Child Qualify?
3-second eligibility quiz — account vs. $1,000 grant
Last verified: 2026-02-13What year was your child born?
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Account vs. Grant: What's the Difference?
| Feature | Trump Account | $1,000 Grant |
|---|---|---|
| Who qualifies | Any U.S. citizen child under 18 | Only children born 2025–2028 |
| Income limits | None | None |
| Annual contributions | Up to $5,000/year | One-time $1,000 from the government |
| Investment | S&P 500 or broad U.S. equity index | Same — invested alongside your contributions |
| At age 18 | Converts to a traditional IRA | Included in the IRA conversion |
Frequently Asked Questions
My child was born before 2025. Should I still open a Trump Account?
Yes. Even without the $1,000 grant, a Trump Account lets you contribute up to $5,000/year into low-cost S&P 500 index funds. The money grows tax-deferred until your child turns 18, then converts to a traditional IRA. Your employer can also add up to $2,500/year tax-free.
Is the $1,000 grant automatic?
No. You must explicitly elect the pilot deposit on IRS Form 4547. If you don't check the box, your child's account opens with $0.
Can my child get both the $1,000 grant and the Dell Foundation $250?
Yes. If your child was born 2025–2028 and lives in a ZIP code with median household income under $150,000, they may qualify for both — up to $1,250 in free money before you contribute a dime.
How to Open a Trump Account
Step-by-step Form 4547 filing guide
Full Eligibility Checker
Detailed check including citizenship and SSN
Growth Calculator
See how contributions compound over 18 years
What Are Trump Accounts?
Complete guide to eligibility, rules, and benefits
This is educational content, not tax or financial advice. Consult a qualified tax professional for advice specific to your situation. Sources: IRS Form 4547, IRS Notice 2025-68.