Trump Accounts: A New Investment Opportunity for America’s Children
On July 4, 2025, the One Big Beautiful Bill under the Trump administration went into law. The bill included various tax cuts and increase in credits along with the introduction of the Trump Pilot Program.
The Trump Pilot Program allows for any child under the age of 18 to create a Trump investment account. Trump accounts functions as a traditional IRA for children, made to help families build wealth until the child reaches adulthood. Qualified children born between January 1, 2025, to December 31, 2028, will be eligible to receive a $1,000 deposit seed into their Trump account.
What are the eligibility requirements?
- Be born between 2025 and 2028
- Be a U.S. Citizen with a valid social security number
- Be under the age of 18 by December 31 of the filing year
The investment account allows parents, relatives, and employers to make contributions up to $5,000 per year. Employers also may contribute up to $2,500 annually to their employees’ children, and this amount remains untaxable for the employee.
The Treasury Department and IRS announced that administration of the program would involve a new filing process using IRS Form 4547, titled “Trump Account Election(s).” In addition, the government launched an online portal, TrumpAccounts.gov, to assist registration and provide program guidance. Contributions are expected to begin no earlier than July 4, 2026.
https://www.trumpaccounts.gov/
If you would like to learn more about the Trump Accounts set up a consultation, call Marlies Y Hendricks CPA PLLC at either 716-694-3500 or 910-769-8730.
The above information is of a general nature only and should not be relied upon for specific situations.
