Trump Accounts Launch July 4 With 1,000 Dollar Government Seed for Children

New investment accounts for children, officially designated as 530A accounts and branded as Trump Accounts, launched on July 4, 2026.

The accounts were created under the One Big Beautiful Bill Act. Children born in the United States between January 1, 2025, and December 31, 2028, are eligible for a one-time $1,000 deposit from the U.S. Treasury.

Parents, guardians, and employers can contribute up to $5,000 per year per child. Employer contributions are capped at $2,500 and do not count as taxable income for the employee.

The accounts are managed by the Bank of New York Mellon in partnership with Robinhood. Funds are invested in broad U.S. stock market index funds. The money is generally locked until the child turns 18, at which point the account converts to a traditional IRA.

Several major corporations, including Goldman Sachs, Morgan Stanley, Micron, and Nasdaq, have committed to matching the $1,000 government contribution for the children of their employees.

Billionaires Michael and Susan Dell pledged $6.25 billion to provide $250 to children under age 10 who do not qualify for the Treasury seed money and live in ZIP codes with a median household income of $150,000 or less.

More than 6 million children had been registered by early July 2026, according to program data.

Critics, including researchers at the Brookings Institution, have raised concerns that the program may disproportionately benefit wealthier households because it relies heavily on private contributions beyond the initial government deposit.

Accounts can be opened at TrumpAccounts.gov or through IRS Form 4547. The Treasury Department has warned against scams, noting that official communications will only come from [email protected].