Trump Administration Launches 'Trump Accounts' Program, Depositing $1,000 for Over 500,000 Newborns

The Trump administration officially launched 'Trump Accounts' on July 4, 2026, depositing $1,000 federal seed payments into the investment accounts of over 500,000 eligible newborns. Backed by $1.4 billion in Treasury funding, the program targets children born between 2025 and 2028. Private donors, including Michael and Susan Dell with a $6.25 billion pledge, are expanding the program to older children. The tax-deferred accounts convert to IRAs at age 18, though critics note low-income families may struggle to make additional contributions.

Trump Accounts program launch

• ▪President Donald Trump marked the launch of Trump Accounts on July 6, 2026, by ringing the opening bell of the stock market from the Oval Office
• ▪The United States government officially launched 'Trump Accounts' on July 4, 2026, to give newborn Americans a stake in the stock market
• ▪The U.S. Treasury Department has committed $1.4 billion in seed money for the Trump Accounts program, funded through the Working Family Tax Cuts

Eligibility for seed funding

• ▪U.S. citizens born between January 1, 2025, and December 31, 2028, who possess a Social Security number, qualify for the $1,000 federal seed deposit
• ▪More than 500,000 children received the first $1,000 federal seed deposits in their Trump Accounts on July 4, 2026
• ▪Over 6 million children have signed up for Trump Accounts since enrollment opened in early 2026, with 1.4 million currently eligible for the federal deposit

Account ownership structure

• ▪A Trump Account is owned by the child but administered by a parent or adult guardian
• ▪A Trump Account converts into a traditional Individual Retirement Account once the child turns 18 years old

Contribution limits by source

• ▪Contributions to a Trump Account from non-government sources are capped at $5,000 per child per year, which is indexed to inflation
• ▪Employers can contribute up to $2,500 annually per employee to Trump Accounts, which can be split among multiple children

Withdrawal age restrictions

• ▪Account holders can take control of and withdraw funds from their Trump Accounts starting on January 1 of the year they turn 18
• ▪Withdrawals from Trump Accounts before the beneficiary reaches age 18 are highly restricted, and gains are taxed upon withdrawal

Private sector charitable pledges

• ▪Micron has pledged $250 million to support Trump Accounts, while Visa, Dell, and Comcast have also pledged employer matches or seed funding
• ▪Michael and Susan Dell pledged $6.25 billion to seed Trump Accounts with $250 each for up to 25 million children aged 10 and under