As tax season opens Monday, families with minor children have the option to register for Trump accounts — plus a one-time federal government contribution — when filing 2025 returns.
Enacted via President Donald Trump’s “big beautiful bill,” Trump accounts were designed to start early wealth building with a one-time $1,000 contribution from the U.S. Department of the Treasury for children born between 2025 and 2028.
“This is the first opportunity to claim, but it won’t be the last,” said Madeline Brown, senior policy associate at the Urban Institute, a Washington, D.C.-based think tank. Starting in mid-2026, you can also make the election online at Trumpaccounts.gov.
Once an account is established, there could be other “free money” for those who are eligible. A growing number of large companies have pledged matching deposits for employees.
Alternatively, certain children who don’t qualify for the $1,000 Treasury funds may get a $250 grant from Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, depending on age and household income. Children in Connecticut could also qualify for a donation from billionaire hedge fund manager Ray Dalio and his wife, Barbara.
