Trump Accounts will launch for contributions on July 4, 2026, with the U.S. Department of the Treasury depositing $1,000 into each eligible child’s account, marking the beginning of a federally seeded savings program designed to build long-term financial security from birth.
Eligible children born between January 1, 2025, and December 31, 2028, who are U.S. citizens with a valid Social Security number, will automatically receive the $1,000 federal seed contribution, according to the Treasury Department. Parents and guardians who have already submitted IRS Form 4547 elections began receiving account activation emails as of May 28, 2026, with the staggered activation period extending through July 4.
The uptake has been significant. As of March 31, 2026, the Internal Revenue Service reported that more than 4 million children had been signed up for Trump Accounts, with over 1 million children covered by elections for the $1,000 pilot program contribution. By mid-June, that number had grown to 6 million signups, according to CNBC reporting on the latest enrollment figures.
Trump Accounts are structured as custodial traditional IRAs, a type of tax-advantaged investment account established under the One Big Beautiful Bill, enacted on July 4, 2025. Unlike traditional IRAs, Trump Accounts require no earned income from the child—parents, guardians, employers, charitable organizations, and government entities can all contribute, subject to an annual limit of $5,000 total per child. The accounts grow tax-deferred, meaning investment earnings accumulate without annual tax liability until the child reaches age 18 and the account converts to a standard traditional IRA.
Treasury Secretary Scott Bessent stated in the May 28 announcement that “the Trump Accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one.” The official Trump Accounts app, developed in partnership with Bank of New York Mellon and Robinhood, launched on May 28, 2026, and is available on major mobile app stores and through a web portal at TrumpAccounts.gov.
Parents who have not yet enrolled can submit Form 4547 at any time before their child turns 18 to establish an account and elect into the $1,000 pilot program. There is no cost to open an account. Once contributions begin on July 4, all eligible children may receive deposits from family members, employers, and philanthropic organizations, with the goal of jumpstarting long-term wealth accumulation during the child’s earliest years.
Sources
- U.S. Department of the Treasury — Treasury Announces the Launch of the Trump Accounts App and Next Steps for Trump Accounts (May 28, 2026)
- Internal Revenue Service — 4 million children have been signed up for Trump Accounts with 1 million claiming the $1,000 pilot program contribution (March 31, 2026)
- CNBC — Trump Account signups hit 6 million; millions more children eligible (June 23, 2026)
- Fidelity — What are Trump Accounts and how do you open one?
- IRS.gov — Trump Accounts overview and eligibility requirements
