Key facts
- The Trump administration launched the 'Trump Accounts' investment program on July 4.
- The program provides federally-backed investment accounts for American children under 18.
- Children born between January 1, 2025, and December 31, 2028, are eligible for a one-time $1,000 deposit from the US Treasury.
- Michael Dell and Susan Dell will gift $250 to the first 25 million qualifying children who sign up.
- Families can contribute up to $5,000 annually to these tax-deferred accounts.
The Trump administration has officially launched "Trump Accounts," a new investment program designed for American children, timed with the nation's 250th Independence Day celebrations. The initiative aims to make every child a shareholder in American capitalism, according to billionaire CEO Michael Dell, who, along with his wife Susan, will contribute $250 to the first 25 million qualifying children who sign up.
Parents can register for Trump Accounts by creating or signing into an Internal Revenue Service (IRS) account and submitting Form 4547. The accounts, established under the Working Families Tax Cuts Act, are tax-deferred savings vehicles for U.S. children under 18, allowing annual contributions of up to $5,000. These accounts will function similarly to traditional IRAs once the child reaches adulthood.
Children born between January 1, 2025, and December 31, 2028, with a valid Social Security number, are eligible to receive a one-time $1,000 deposit from the U.S. Treasury Department. The Trump Accounts app also offers financial education modules, as noted by U.S. Treasury Secretary Scott Bessent.
The program has garnered support from numerous philanthropists and companies, including BlackRock, Chipotle, MasterCard, Block, Robinhood, and Chime. Donald Trump has encouraged more businesses to contribute readily tradable publicly traded stock to help fund these accounts, aiming to foster a generation of savers, investors, and owners.