Trump opens tax‑advantaged accounts for children 17 and younger
A new savings account for children under 18 is now automatically enrolled, offering up to $1,000 federal contribution for eligible U.S. citizens.
Key points
- Accounts open for children 17 and younger under Trump’s 2025 tax bill
- Automatic enrollment when a child has a valid Social Security number
- Parents must claim the account and request the federal contribution
- Eligible children born 2025‑2028 can receive $1,000, those under 10 in low‑income areas $250
- Funds are inaccessible until the child turns 18
Trump Accounts Open for Children 17 and Younger
Trump Accounts, a new type of tax‑advantaged savings account for children, are now available for kids 17 and younger. As of this month, all eligible children have been automatically enrolled.
The accounts were created as part of President Donald Trump’s 2025 sweeping tax bill and are limited to children who have not turned 18 before the end of the calendar year and who possess a valid Social Security number.
U.S. citizens born between Jan. 1 2025 and Dec. 31 2028 qualify for a one‑time federal contribution of $1,000. Children under 10 who live in lower‑income areas could qualify for $250.
Enrollment occurs automatically when a child has a valid Social Security number, but parents must claim the account and request the contribution on the child’s behalf. The child cannot access the deposited funds until reaching age 18.
Your questions, answered
Who can open a Trump child account?
Children 17 and younger with a valid Social Security number, born between Jan. 1 2025 and Dec. 31 2028, can open the account.
How much federal contribution is available?
Eligible children can receive a one‑time $1,000 contribution; children under 10 in lower‑income areas may qualify for $250.
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