The individual retirement accounts are for eligible children born from 2025 through 2028.
Trump Accounts officially launch on Saturday, July 4. The pilot program was instituted under the One Big Beautiful Bill last year. Once parents or guardians open an account on their behalf, qualifying babies born between 2025 and 2028 will receive a one-time $1,000 deposit from the Department of the Treasury. The tax-deferred accounts, which will be invested in U.S. stock funds, do not permit withdrawals until the child reaches 18, at which time they become individual retirement accounts.
Eligible accounts may accept contributions from parents, relatives, employers, charitable groups, and other approved sources within annual limits. Several companies have pledged to match the $1,000 deposit from the Treasury Department for their employees, while philanthropists have committed to gift funding under certain qualifications.
Tech executive Michael Dell and his wife have separately pledged to fund $250 to accounts for children born between 2016 and 2024 who reside in a ZIP code with a median income of $150,000 or less.
As the Lord Leads, Pray with Us…
- For President Trump as he works to promote investment in U.S. business and advocates for the future of the newest generation of Americans.
- For Treasury Secretary Bessent as he oversees the deposits to Trump Accounts for qualifying children.
- For parents and families as they open these accounts and seek to provide for the future of their babies.
Sources: Department of the Treasury, CNBC
