Official Launch of Trump Accounts
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July 4, 2026 Marks the Launch of Trump Accounts
On the 250th anniversary of the founding of the United States, the U.S. Department of the Treasury has announced the official launch of the Trump Accounts app, giving American families a new way to view, manage, and grow their children’s stake in the nation’s economic future.
Trump Accounts (also known as 530A accounts) are meant to help Americans start saving for future plans now. Any American with a Social Security number can have a Trump Account as long as they are enrolled by the year before they turn 18.
The IRS and the Treasury recently published Revenue Procedure 2026-25, to detail how individual donors can make contributions to Trump accounts. There are specified conditions that if met ensures that contributions will be treated as completed gifts. As a result, taxpayers won’t be required to file gift tax returns reporting such contributions.
This addresses concerns raised by taxpayers who planned to make contributions to a Trump account but worried such donations would trigger the gift tax reporting rules.
Trump accounts provide investment accounts for children to help families build resources. The account is for a child who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number. It features a pilot program contribution of $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with a valid Social Security number. Some children may qualify for extra contributions private-sector programs, such as that established by Dell Computer’s Michael Dell and his wife including an announced disbursement of $250 for eligible children.
Visit TrumpAccounts.gov for Next Steps
Families are encouraged to visit TrumpAccounts.gov and educate themselves about the new accounts, also known as Section 530A accounts, so they can make informed investment choices for their children’s future.
Parents or legal guardians open and manage the account, maintaining control until the child turns 18. They first need to fill out Form 4547 to make the election to set up the account. Then, an activation email will be sent to officially set up the account. Contributors will need identification for themselves and the child, including Social Security numbers. There can be one account for each eligible child. If you have questions, feel free to contact us at info@madonia,com or (312) 578-9300