Overview
- The program went live Saturday, July 4, 2026, and parents can register at trumpaccounts.gov or via IRS systems using Form 4547 and digital identity verification.
- The $1,000 federal seed is reserved for U.S. citizen babies born between January 1, 2025 and December 31, 2028 who have valid Social Security numbers.
- Accounts are custodial investment vehicles that put federal and private contributions into low‑cost U.S. equity index funds with a reported fee cap of 0.10%, and funds remain inaccessible until the child turns 18.
- At 18 the money may be used only for specific purposes such as higher education, a first‑home down payment, or starting a business, and investment gains are taxed when withdrawn.
- Large philanthropic and corporate pledges will top up some accounts — including a $6.25 billion Dell family pledge and other commitments — but critics say the plan does little for immediate child needs, may widen wealth gaps, and coincides with cuts to programs like Medicaid and SNAP.