{"id":2740,"date":"2026-01-13T13:50:17","date_gmt":"2026-01-13T20:50:17","guid":{"rendered":"https:\/\/www.oconnorcpafirm.com\/blog\/?p=2740"},"modified":"2026-01-13T13:50:18","modified_gmt":"2026-01-13T20:50:18","slug":"new-trump-accounts-for-children-under-age-18","status":"publish","type":"post","link":"https:\/\/www.oconnorcpafirm.com\/blog\/2026\/01\/new-trump-accounts-for-children-under-age-18\/","title":{"rendered":"New Trump Accounts for Children under age 18"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">Trump Account Overview for Clients<\/h1>\n\n\n\n<h2 class=\"wp-block-heading\">What Is It?<\/h2>\n\n\n\n<p>A Trump Account is a new type of retirement savings account for children under age 18 with a valid Social Security number, created under legislation signed in July 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Features<\/h2>\n\n\n\n<p><strong>Eligibility:<\/strong> Any child under 18 with a Social Security number<\/p>\n\n\n\n<p><strong>Special Bonus:<\/strong> Children born between January 1, 2025 and December 31, 2028 who are U.S. citizens receive a one-time $1,000 contribution from the federal government (older children can still open accounts but don&#8217;t get this bonus)<\/p>\n\n\n\n<p><strong>Contribution Limits:<\/strong> Up to $5,000 annually<\/p>\n\n\n\n<ul>\n<li>Up to $2,500 from parents\/family<\/li>\n\n\n\n<li>Up to $2,500 from employers<\/li>\n<\/ul>\n\n\n\n<p><strong>Investment Requirements:<\/strong> Funds must be invested in low-cost index funds tracking the S&amp;P 500 or similar American equity indexes<\/p>\n\n\n\n<p><strong>Tax Treatment:<\/strong> Functions similarly to a Roth IRA\u2014contributions are after-tax, but growth is tax-free<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Timeline<\/h2>\n\n\n\n<p><strong>For 2025 Tax Returns (filed in 2026):<\/strong><\/p>\n\n\n\n<ul>\n<li>Make the election by filing Form 4547 with your 2025 tax return if you want to establish an account for an eligible child<\/li>\n<\/ul>\n\n\n\n<p><strong>Starting July 4, 2026:<\/strong><\/p>\n\n\n\n<ul>\n<li>Contributions can begin<\/li>\n\n\n\n<li>Online application available at trumpaccounts.org<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Who Should Consider This?<\/h2>\n\n\n\n<p>Parents or guardians who:<\/p>\n\n\n\n<ul>\n<li>Have children under 18 (especially newborns eligible for the $1,000 government contribution)<\/li>\n\n\n\n<li>Want to start tax-free retirement savings for their children<\/li>\n\n\n\n<li>Can afford to contribute after-tax dollars<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Action Required Now<\/h2>\n\n\n\n<p>If you want to establish a Trump Account for your child, complete Form 4547 when filing your 2025 tax return or go to https:\/\/trumpaccounts.gov\/ Actual contributions won&#8217;t start until July 2026.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><em>Note: This is a new program. Additional guidance may be forthcoming from the IRS.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Trump savings accounts for kids.  sign up in 2025, contribute in 2026<\/p>\n","protected":false},"author":2,"featured_media":2741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[289],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Trump Accounts for Children under age 18 - O&#039;Connor CPA Firm<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oconnorcpafirm.com\/blog\/2026\/01\/new-trump-accounts-for-children-under-age-18\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Trump Accounts for Children under age 18 - 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