Your child could have $1,000 waiting for them, but having a Trump Account doesn’t mean the money has been deposited. Parents still need to take action to claim it.
Children born between January 1, 2025, and December 31, 2028, may be eligible for a one-time $1,000 federal contribution to a Trump Account. Parents or guardians must claim the contribution on their child’s behalf.
Trump Accounts are tax-advantaged investment accounts designed to help families build long-term savings for their children. While children under age 18 with valid Social Security numbers may qualify for an account, the $1,000 contribution is available only to eligible U.S. citizens born during the specified four-year period.
How to Claim Your Child’s Trump Account
The U.S. Treasury may have already opened an account for your child, but parents must complete the claiming process to take control of the account and access the $1,000 contribution.
To get started:
- Visit TrumpAccounts.gov and download the official Trump Accounts app. A web-based portal is also available.
- Follow the instructions to verify your identity and relationship to your child.
- Complete the account claiming process and elect the $1,000 contribution if your child qualifies.
- Follow any additional instructions to activate and manage your child’s account.
The $1,000 is deposited directly into the child’s investment account, rather than being paid to parents or issued as a tax refund.
Additional Contributions and Employer Benefits
Families and other eligible contributors can contribute to a child’s Trump Account, subject to an annual contribution limit of $5,000 for 2026 and 2027. The federal government’s initial $1,000 contribution does not count toward this limit.
Employers can also contribute up to $2,500 annually toward their employees’ dependent children’s Trump Accounts through a qualifying employer contribution program. These contributions are excluded from the employee’s federal taxable income and count toward the annual $5,000 contribution limit. The $2,500 limit applies per employee, regardless of how many eligible children they have.
For businesses, this offers an additional employee benefit that can help support employees and their families. Employers considering a contribution program should consult their tax advisor about eligibility, plan requirements, and applicable restrictions.
Learn More About Trump Accounts
Parents can visit TrumpAccounts.gov to learn more about eligibility, claim an account, and manage contributions.
For questions about the tax implications of Trump Accounts or establishing an employer contribution program, contact your Wegner CPAs advisor.
