Overview
Trump Accounts are a federal initiative created by a 2025 tax and spending law. The program provides a $1,000 government-funded deposit into a private investment account for every American child born between January 1, 2025, and December 31, 2028.
Key Details
- Eligibility: U.S. citizens born between Jan 1, 2025 and Dec 31, 2028
- Amount: $1,000 one-time deposit per eligible newborn
- Account Type: Hybrid between baby bond and individual retirement account
- Purpose: Help families save for children’s future and provide financial security
- Use of Funds: Invested to grow over time; accessible as child reaches adulthood
- Claiming: Details on opening/accessing accounts are pending Treasury Department guidance
- Legislative Origin: Part of a major tax and spending bill signed by President Trump in 2025
How It Works
- Federal government deposits $1,000 into a private investment account for each eligible newborn.
- Families may need to provide proof of birth and citizenship to claim the account.
- Funds are intended to be invested and grow until the child reaches adulthood.
- Further instructions and clarifications will be provided by the Treasury Department.
Additional Information
- The program is designed to give all children a strong financial start, regardless of background.
- Policy analysts are still reviewing the law’s text; more details will be released as available.
- For official updates, monitor Treasury Department and government websites.
This document summarizes the Trump Accounts program based on current public information as of October 2025.