Trump Accounts Explained: Eligibility, Contributions, and How to Open an Account (2026 Guide)

Trump Accounts Explained: Eligibility, Contributions, and How to Open an Account (2026 Guide)

by Nick Ford Jul 10, 2026

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One of the newest savings opportunities created by recent federal legislation is the Trump Account, a long-term investment account designed to help children begin building wealth from an early age. Eligible children may receive an initial government contribution, and additional funding may be available through the Michael & Susan Dell Foundation and other philanthropists that are state specific.

While the IRS is continuing to release guidance on the program, here’s what we know as of July 2026.

Why Trump Accounts Matter

….for Families

• Start investing from birth.
• Tax-deferred investment growth.
• Gifts from grandparents become easier.
• Potential employer contributions.

….for Business Owners

• Possible new employee benefit.
• Opportunity to attract and retain employees.
• Planning opportunities for owners with young children.
• Coordination with overall tax and financial planning.

Who Qualifies?

1. A child born between January 1, 2025 and December 31, 2028
   Seed Deposit: Federal $1,000 Contribution (through the pilot program)
   Generally, a child must:
   • Have an established Trump Account
   • Be a U.S. citizen at birth
   • Meet the requirements established by the IRS and Treasury
2. A child born before January 1, 2025 (10 years old or younger)
   Seed Deposit: Michael & Susan Dell Foundation $250 Contribution
   According to the Foundation, a child generally must:
   • Have an established Trump Account
   • Be among the first 25 million eligible children
   • Live in an eligible ZIP code (generally where the median family income is $150,000 or less). Here is a link https://investamerica.org/dell/ to confirm if your child qualifies.

Who Can Contribute?

Anyone (parents, grandparents, employers, etc) may contribute to a child’s Trump Account, subject to the applicable annual contribution limits ($5,000/year per child).

Can Employers Contribute?

Yes. Beginning in 2026, employers may establish a qualifying employer program that allows contributions to eligible employees’ dependent children’s Trump Accounts.  These contributions are deductible to the employer.  This may become another attractive employee benefit for small businesses. Currently, the annual employer contribution limit is $2,500.

Can stock be donated to a Trump Account?

Yes, but only under limited circumstances. Treasury has announced a process allowing eligible philanthropic organizations to contribute approved publicly traded stock to Trump Accounts. Current guidance does not permit parents, grandparents, or other individual contributors to transfer appreciated stock directly into a child’s Trump Account. Additional guidance may further clarify whether broader in-kind contributions will be allowed in the future.

How Do I Open A Trump Account?

1. Visit the IRS Trump Accounts portal: IRS Trump Accounts Portal
2. Sign in using your IRS account or create one through ID.me
3. Complete IRS form 4547 using your child’s Social Security number – If your child qualifies only for the Dell Foundation contribution, leave the Pilot Program box unchecked.
4. Wait for IRS to establish the account.
5. Keep an eye out for an activation email from the Treasury Department. It will come from: no-reply@TrumpAccounts.Treasury.gov
6. Follow the steps in the email to activate the account.

What We Still Don’t Know

 As of July 2026, several details are still awaiting additional guidance from the IRS and Treasury. We will continue updating our clients as new information becomes available.

Official Resources

• IRS Trump Accounts Information: https://www.irs.gov/trumpaccounts
• Invest America – Trump Accounts Overview: https://investamerica.org/
• Michael & Susan Dell Foundation Contribution Information: https://investamerica.org/dell/

If you have children or grandchildren who may qualify, or if you own a business and would like to learn more about employer contributions, we are happy to discuss how these accounts may fit into your overall financial and tax strategy.

Please contact us if you’d like to discuss further.