IRS and Social Security promote Trump accounts via email a week before midterm elections

One week before the November 3, 2026 midterm elections, the Internal Revenue Service and Social Security Administration are promoting child investment accounts bearing President Donald Trump's name. While automatic Treasury enrollment has created nearly 70 million accounts with $1,000 federal seed contributions for eligible children, partisan branding has led some parents to reject the money. Meanwhile, Trump is touting proposed $5,000 dividend checks and a $1 million voter fraud reward.

Government promotion of Trump Accounts

• ▪On October 27, 2026, the Internal Revenue Service emailed tax filers to encourage them to enroll their children in Trump Accounts, mentioning President Donald Trump's name 11 times.
• ▪The Social Security Administration sent new promotional inserts to parents outlining how to register eligible children for Trump Accounts and claim federal funding.

Features and Enrollment of Trump Accounts

• ▪Parents and guardians can claim and manage a child's Trump Account through a dedicated mobile application available on Apple iOS and Android platforms.
• ▪The federal government provides a one-time $1,000 seed contribution for children born between January 1, 2025, and December 31, 2028, who are claimed in the Trump Account program.
• ▪Under the One Big Beautiful Bill Act, annual private contributions to a child's Trump Account are capped at $5,000, with funds invested in broad-market U.S. index funds.
• ▪Nearly 70 million Trump Accounts were created by early October 2026, including over 60 million created through an automatic enrollment process established by the Treasury Department.

Criticism and reluctance regarding Trump Accounts

• ▪A March 2026 BabyCenter survey of pregnant women and new mothers found that 27 percent did not plan to open a Trump Account for their child.
• ▪Democratic Representative Ayanna Pressley criticized Trump Accounts as a regressive policy relying on private funds that worsens wealth inequality.
• ▪Tax advisers noted that naming the government-backed investment accounts after Donald Trump created a major obstacle for potential beneficiaries hesitant to associate with his name.

Proposed $5,000 dividend checks

• ▪President Donald Trump has promoted financial proposals on the campaign trail ahead of the November 3, 2026, midterm elections, including promised $5,000 dividend checks.
• ▪An October 2026 NBC poll revealed that only 14 percent of U.S. adults believed they would receive a $5,000 check if Republicans retained control of Congress.

Voter fraud reporting rewards

• ▪The Justice Department announced a whistleblower program providing discretionary payments between $10,000 and $30,000 for tips that result in criminal charges.
• ▪President Donald Trump announced a $1 million reward offer for individuals who report voter fraud that leads to an arrest and conviction