Upcoming Rules for the New Trump Accounts

New Trump Accounts

The IRS has released early guidance (Notice 2025-68) explaining how the new Trump Accounts will work. These accounts are designed to help families save for a child’s future—similar to an IRA, but specifically for minors.

What You Need to Know

• A Trump Account can be opened for a child under age 18.

• Parents, guardians, other individuals, and even employers may be able to contribute (final rules are still coming).

• While the child is under 18, funds can only be invested in certain approved mutual funds or ETFs.

• Withdrawals generally aren’t allowed until the child turns 18.

• When that happens, the account automatically becomes a traditional IRA and follows normal IRA rules.

Contribution Opportunities

Trump Accounts have their own annual contribution limit, giving families an additional savings option beyond other retirement or education accounts.

A special one-time benefit is also planned: The Treasury Department will provide a $1,000 contribution for eligible children born between 2025 and 2028.

How to Open an Account

To establish a Trump Account for 2026, families will use IRS Form 4547 (Trump Account Election(s)) once it’s released.

The election can be made at any time, including when filing the 2025 tax return. An online portal—expected to open in mid-2026 at trumpaccounts.gov—will also allow families to make the election electronically.

What’s Still in Development

The IRS is requesting public comments on several areas, including:

• Who may open the account

• Investment rules

• Trustee requirements

• How to coordinate contributions from multiple sources

Why This Matters for Families

Trump Accounts create a new way to build long-term savings for minor children. As final rules are released, tax professionals will be evaluating how these accounts fit into broader family savings and retirement strategies.