Parents must claim the accounts, while the federal $1,000 contribution is limited to eligible children born from 2025 through 2028.
President Trump announced October 7 that approximately 70 million children under 18 would have investment accounts automatically established through the Trump Accounts program.
Parents or legal guardians must claim their child’s account through the program’s website or app.
The announcement expands automatic enrollment in a program created through the 2025 tax overhaul. Having an account does not mean every child receives a federal deposit.
The government’s $1,000 contribution applies to eligible children born between 2025 and 2028. Other eligible minors can have accounts funded through contributions.
The program permits after-tax contributions of up to $5,000 annually, subject to its rules. The accounts are designed to help children build assets over time.
President Trump presented the initiative as a way to give young Americans a financial stake in the country’s future. The White House said automatic enrollment would make participation easier for families.
Parents should review the program’s eligibility, contribution and withdrawal requirements before making financial decisions. Investment returns are not guaranteed.
Illustrative savings photograph. Photo by Andre Taissin on Unsplash.
