Enrollment Is Open For Trump Accounts, And Some Kids Get $1,000 On Day One
on May 30, 2026 • Updated Jun 05, 2026
The Federal government is giving $1,000 to all eligible children born from Jan. 1, 2025, to Dec. 31, 2028, whose parents sign them up for the new Trump Accounts program.
With Trump Accounts, which officially launch on America’s 250th birthday, July 4 of this year, parents will be able to invest in their child’s future.
Already, 6 million children have been signed up for accounts, and many more are expected to be enrolled for this unique investment opportunity that was established by the One, Big, Beautiful Bill in 2025.
As of May 28, the app for Trump Accounts is now accessible on mobile phones, and here’s what parents should know about this new program.
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What To Know About Trump Accounts
Children born during President Donald Trump‘s second term in office receive $1,000 from the Treasury as a seed investment.
These children must be American citizens with a Social Security number.
Further, annual contributions into a child’s account not exceeding $5,000 may be made by parents, family members, friends, employers, charities, local governments, and more.
These funds will be “invested in a diversified investment vehicle designed to maximize long-term growth while minimizing risk,” the Trump Accounts website states.
Funds in accounts can be accessed by the child upon their 18th birthday with no penalty, allowing for them to apply the funds toward education, the purchase of their first home, or even starting a business.
Without adding any funds, the Trump Accounts website estimates that by the time a child who qualified for the $1,000 initial investment turns 18, that $1,000 will have grown to $6,000. Similarly, adding $250 each year to the account could see it reach $19,000 by the time that two-year-old is 18.
While the funds can be accessed when a child turns 18, if someone who was invested in with a Trump Account chooses to keep the funds in the Trump Account or continue investing in themselves, those funds may be withdrawn without penalty after they turn 59 1/2.
Funds withdrawn after turning 18, but before turning 59 1/2, will be subject to a 10% tax.
During a press briefing at the White House on May 28, Sec. of the Treasury Scott Bessent made the case for Trump Accounts.
“Trump Accounts, I believe, are the most important benefit for young people since the GI Bill,” Bessent said.
As of May 28, the Trump Accounts app is now available, with Bessent saying that nearly 6 million Americans have already been signed up for Trump Accounts.
Bessent added that, presently, 38% of Americans do not engage with the stock market, but Trump Accounts could “create a generation of shareholders” as it has the potential to provide a “real-time financial literacy education” for many.
To set up an account for a child under 18, parents can file IRS Form 4547.
For more information on Trump Accounts, and how to download the app, visit TrumpAccounts.gov.
Watch Sec. Scott Bessent introduce the Trump Accounts app, here:
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