Frequently Asked Questions

A Trump Account is a tax-advantaged savings account created under IRC Section 530A by the One Big Beautiful Bill Act (OBBBA), signed July 4, 2025. It provides a $1,000 federal pilot deposit for children born 2025–2028 and allows tax-deferred growth until age 18, when it converts to a traditional IRA.

Trump Accounts were established by the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025. The IRS published guidance in Notice 2025-68 on December 3, 2025.

Yes. Trump Accounts are established in federal law under IRC Section 530A. The IRS has published formal guidance (Notice 2025-68), created Form 4547, and is building the trumpaccounts.gov portal.

Any U.S. citizen child under 18 with a valid Social Security Number. There are no income restrictions.

Only children born between January 1, 2025 and December 31, 2028 qualify for the one-time $1,000 federal pilot deposit. Use our Eligibility Checker to confirm.

Yes — any U.S. citizen child under 18 can have a Trump Account. However, children born before 2025 do not receive the $1,000 pilot deposit.

No. Unlike Roth IRAs, Trump Accounts have no income restrictions. Any family can participate.

Up to $5,000 per year (after-tax). This limit is indexed for inflation starting in 2027.

Yes. Employers can contribute up to $2,500/year per employee, tax-free under IRC §128. This counts toward the $5,000 annual cap and is per employee, not per dependent.

Yes. Anyone can contribute to a Trump Account, including grandparents, relatives, or friends — as long as the total annual contributions don't exceed $5,000.

Funds must be invested in mutual funds or ETFs that track the S&P 500 or a broad U.S. equity index. Expense ratios are capped at 0.1% (10 basis points). See our Fund Expense Tracker for eligible options.

No. Trump Accounts are restricted to S&P 500 or broad U.S. equity index funds/ETFs only.

No. Withdrawals before age 18 are not permitted except for: (1) rollovers to another Trump Account, (2) return of excess contributions, or (3) the child's death.

The Trump Account automatically converts to a traditional IRA. From that point, standard IRA rules apply for contributions, withdrawals, and required minimum distributions.

Withdrawals are taxed as ordinary income (traditional IRA treatment). Before age 59½, a 10% early withdrawal penalty also applies. Use our Withdrawal Simulator to see the impact.

Three ways: (1) Include IRS Form 4547 with your 2025 tax return (due April 15, 2026), (2) through the trumpaccounts.gov portal (launching mid-2026), or (3) by mailing Form 4547 to the IRS.

IRS Form 4547 (Trump Account Election(s)) is the form you file to establish a Trump Account for your child. It's included with your federal tax return.

Michael and Susan Dell pledged $6.25 billion — $250 per child under 10 in ZIP codes where the median household income is below $150,000. This is in addition to the $1,000 federal pilot deposit.