The Trump account for children offers a one-time $1,000 federal seed deposit for eligible children born between January 1, 2025, and December 31, 2028, and the program requires the child be a U.S. citizen with a valid Social Security number, according to IRS guidance.
Under IRS instructions, a Trump account is opened in the child’s name and managed by a parent or legal guardian, and the parent or guardian must make an election to receive the $1,000 pilot contribution for an eligible child, the agency says.
The Internal Revenue Service states the eligible child must be born in calendar years 2025–2028, be a U.S. citizen, and have an issued Social Security number; those conditions are listed on the IRS overview of Trump accounts and in proposed Treasury and IRS regulations. Treasury, IRS issue proposed regulations on Trump Account eligible investments explains how the program is being implemented at financial firms.
Financial firms and banks offering Trump accounts describe the account as held in the child’s name with a parent or guardian as manager, and they note that earned income is not required to accept contributions, according to industry guides and provider pages.
Practical steps to claim the $1,000 are described in tax-practice guides: the child’s parent or guardian must follow IRS enrollment instructions and, in many provider checklists, complete the agency’s election process (some consumer tax guides point to Form 4547 as the mechanism to request the pilot deposit).
Employers and private contributors have begun matching or adding to Trump Account deposits for workers’ children, and the program’s expansion has prompted over 90 corporate and state contributors to participate, reporting efforts to facilitate account openings for families.
Policy analysts and summaries from the Congressional Research Service and consumer-investor education pages emphasize the pilot nature of the $1,000 contribution and the narrow birth-year window that defines eligibility for the seed deposit, while also noting accounts can accept further private contributions thereafter.
For parents researching options, major brokers and banks have published how-to guides for opening a Trump account and the steps required to claim the federal deposit; these provider pages reiterate the IRS’s citizenship and Social Security requirements and that the account is managed by a parent or guardian.
Sources
- Internal Revenue Service — eligibility rules, requirement that the child be a U.S. citizen with a Social Security number and that a parent or guardian make an election.
- Intuit TurboTax — describes Form 4547 as the request mechanism to claim the $1,000 pilot contribution.
- Congressional Research Service — summary of eligibility as children born 2025–2028 and citizenship/SSN requirements.
- TrumpAccounts.gov — explains the account is held in the child’s name and the $1,000 government deposit for qualifying births.
- ECIKS — reporting on Treasury/IRS proposed regulations and program expansion, and corporate participation.
