Overview
- Treasury designated Bank of New York Mellon as the program’s financial agent, and BNY partnered with Robinhood to develop a dedicated Trump accounts app.
- The child investment program launches July 4 with a one-time $1,000 Treasury deposit for children born from 2025 to 2028.
- Parents and guardians can enroll by filing IRS Form 4547 with 2025 tax returns or by using TrumpAccounts.gov.
- The IRS plans an authentication step in May to verify accounts before funds are deposited.
- More than 4 million children are enrolled, and families can add up to $5,000 a year while employers may contribute $2,500 pre-tax, with extra seeding pledged by companies and philanthropists.