Trump Accounts (530A)
A new way to invest early in their future
A new way to invest early in their future
Trump Accounts are a new form of a traditional IRA created to benefit children. The account is owned by the child and administered by a parent or other adult.
Your child may be eligible for a Trump Account if they're under 18 and have a valid Social Security number.
Investment earnings in Trump Accounts can grow tax-deferred over time, helping families build long-term savings.
Get started with Trump Accounts at the U.S. Treasury
Trump Accounts are only available through the U.S. Treasury and not affiliated with Empower. This information is for educational purposes only.
Activate your account
Once Treasury processes Form 4547, complete your account setup through the official Trump Accounts website or app.
Start investing
Eligible contributors can start adding money to the account. If your child qualifies, they may receive $1,000 seed funding from the federal government.1
Ways to contribute
Once a Trump Account is established, Treasury may make a one-time $1,000 seed contribution to eligible children.1
Even if the account does not qualify for a seed contribution, additional eligible contributions may be made by individuals, employers, governmental entities, and charities.
| Contribution source | Amount |
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| Federal seed funding | $1,000 (one-time)* |
| Eligible employer(s) | Up to $2,500 per year, pre-tax** |
| Government & charitable | Qualified contributions permitted |
*Available for eligible U.S. citizen children born between January 1, 2025, and December 31, 2028. **Individual and employer contributions together count toward the $5,000 annual contribution limit. | |
One future, more ways to save
Brokerage and investment accounts are intended for knowledgeable investors who acknowledge and understand the risks associated with the investments available through these accounts.
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530A Trump Account
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Contribution limits |
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Investment options |
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Key advantages |
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When the money can be used |
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How to get started |
Trump Accounts represent one of the most significant expansions of early-life financial access in a generation and can allow millions of more Americans to benefit from investing.
Edmund F. Murphy III
President and CEO, Empower and member of the Invest America CEO Council2
Learn more about investment accounts for kids
Learn more about investment accounts for kids
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FAQ
FAQ
Children aged 17 or younger on December 31 of the year the election is made and who have a valid Social Security number may have a Trump Account established on their behalf. Each eligible child can have only one Trump Account.
Eligible U.S. citizen children born between January 1, 2025, and December 31, 2028, may receive a one-time $1,000 contribution from the U.S. Treasury, provided an election is made and they meet the program requirements.
An authorized individual must make the election. If the person is only electing to open an account, current IRS instructions generally recognize the child’s legal guardian, parent, adult sibling, or grandparent, in that order of priority. If the person is also requesting the $1,000 federal pilot contribution, the person generally must expect the child to be their qualifying child for federal tax purposes for the year the election is made.
First, you establish a Trump Account by completing IRS Form 4547 through your IRS online account or by submitting the form with an eligible federal tax return. After IRS processing and eligibility confirmation, Treasury sends instructions to activate the account. You can visit the official Trump Accounts website or app to activate and manage your account.
Parents, grandparents, relatives, friends, employers, and other eligible contributors can contribute to a child's Trump Account, subject to annual contribution limits and program rules. Not-for-profit organizations, state (including political subdivisions) and Indian tribal governments may also make contributions.
The combined limit across individual, child and employer is $5,000 each year (subject to future inflation adjustments). The $1,000 federal seed contribution and certain qualified government/nonprofit contributions do not count toward that limit.
Trump Accounts are designed for long-term retirement savings. During the statutory “growth period,” withdrawals are generally prohibited except in limited circumstances. That period ends on December 31 of the year before the child turns 18; after that, traditional IRA rules generally apply. Early distributions may be taxable and may incur the 10% additional tax unless an exception applies.
The law allows for future rollovers from Trump Accounts, but additional guidance is still being developed by Treasury. More information will be available as implementation continues.
Yes. Empower has announced plans to support Trump Account rollovers once regulations are finalized and rollover capabilities become available. More information is coming soon.
Yes. Employers may contribute up to $2,500 per year to an eligible employee's or dependent's Trump Account through an employer contribution program. These contributions count toward the account's annual $5,000 contribution limit. Treasury is continuing to develop guidance on how employer contribution programs will operate. We'll share updates as more information becomes available.
During the child's growth period, Trump Account funds are invested in a qualified broad-market U.S. stock index fund designed for long-term growth. Investment options may expand after the account transitions to a traditional IRA.
