The Trump administration is promoting tax-advantaged investment accounts for children, urging families to enroll during tax season as major companies and celebrities pledge to match contributions.
Dubbed Trump Accounts, the program provides $1,000 from the U.S. Treasury to accounts for U.S. citizens born between January 1, 2025, and December 31, 2028.
President Donald Trump’s administration is planning to launch “Trump Accounts” — which are investment accounts for all children aged 17 and under — on July 5, 2026, as The Dallas Express reported. In addition, children who are U.S. citizens born between January 1, 2025, and December 31, 2028, are eligible to receive $1,000 from the U.S. Treasury to seed their accounts. Families and their employers can contribute to the accounts, which will grow over time. When a child turns 18, the account can be converted to an Individual Retirement Account.
Accounts launch July 5, 2026.
Families enroll via IRS Form 4547 when filing taxes, with a sign-up sheet posted on the Treasury website this May. No contributions are required, but families can contribute up to $5,000 annually, and employers up to $2,500 per employee per year.
The child owns the account, with parents as custodians until age 18.
Estimates based on historical S&P 500 averages project that a $1,000 initial deposit would grow to $5,800 by age 18 without additional contributions. With maximum annual contributions of $5,000, it could reach $303,800.
President Donald Trump will host a summit on Wednesday with Treasury Secretary Scott Bessent, CEOs, and investors to encourage sign-ups. The initiative stems from Trump’s tax and spending legislation signed on July 4, 2025.
JPMorgan Chase and Bank of America announced Wednesday that they will match the government’s $1,000 for eligible employees’ children.
“JPMorgan Chase has demonstrated a long-term commitment to the financial health and well-being of all of our employees and their families around the world, including more than 190,000 here in the United States,” CEO Jamie Dimon said, CNBC reported. “By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future.”
Bank of America, in an employee memo, applauded the government’s “innovative solutions” for savings.
Other firms committing to matches include Charles Schwab, Robinhood, SoFi, Uber, Charter Communications, BNY, BlackRock, Visa, and Mastercard.
Philanthropists are also contributing. Michael and Susan Dell pledged $6.25 billion to support up to 25 million children, providing $250 per child to those under 10 in ZIP codes with a median income below $150,000. Ray and Barbara Dalio committed $75 million to Connecticut children.
Rap artist Nicki Minaj plans to announce $150,000 to $300,000 for fans’ newborns at the summit, alongside Trump adviser Alex Bruesewitz.
“I absolutely love my Barbz,” Minaj said, referring to her fans. “I want to see them bring healthy, and successful children into the world. Becoming a mother was the greatest thing that’s ever happened to me, and I want others to experience the same joy my son has brought into my life. I know raising a child can be expensive and challenging at times, so I’m committed to doing whatever I can to support them.
“This program will benefit everyone, decreasing the gap for future prosperity between children who traditionally aren’t born with a full bank account & children who are. I believe it will have the most profound impact on urban communities, which often face greater financial challenges,” she added, per New York Post. “It’s an excellent way to educate kids on the value of investing, saving, and managing money responsibly.”
