Trump accounts have signed up more than 5 million children, and 1.2 million are eligible for a $1,000 pilot program contribution, Treasury officials said.
Enacted via President Donald Trump’s “big beautiful bill,” the new tax-deferred investing accounts for children will officially launch on July 4.
While all U.S. children under age 18 with a Social Security number can open a Trump account, the $1,000 Treasury seed money is available to babies born between 2025 and 2028.
A growing number of companies have pledged to match the $1,000 Treasury deposit, and philanthropists in multiple states have committed to seed the accounts for qualifying families.
The start of tax season on Jan. 26 was the first opportunity for families to elect to open Trump accounts and claim the Treasury’s $1,000 seed money by filing IRS Form 4547 with their 2025 tax returns.
