Trump Accounts officially launched July 4, 2026, funded under the One Big Beautiful Bill Act, with 6 million children already enrolled.
From the One Big Beautiful Bill Act to Live Accounts
The One Big Beautiful Bill Act — formally the Working Families Tax Cuts — created Trump Accounts as a new tax-advantaged retirement account for children under Section 530A of the tax code. President Trump signed the law on July 4, 2025, exactly one year before the accounts went live, giving Treasury and the IRS time to build out the system.
- Signed into law: July 4, 2025, as part of the One Big Beautiful Bill Act
- Accounts went live: July 4, 2026, one year later
- Legal structure: New IRA type under tax code Section 530A
- Key form: IRS Form 4547, used to elect and open an account
What Happened to Trump Accounts on Launch Day
- 6 million children enrolled by launch day, per the Social Security Administration
- $1,000 federal seed deposit began landing automatically for eligible children
- Investment default: funds go into a low-cost S&P 500-tracking ETF
- New app launched: a Trump Accounts mobile app for balances, contributions, and financial education modules
Expanding Ways to Contribute
Since launch, Treasury has widened how money can flow into a child’s account:
| Contributor | Annual limit | Notes |
|---|---|---|
| Parents/individuals | $5,000 combined | Not tax-deductible |
| Employers | $2,500 | Tax-free to employee; counts toward the $5,000 cap |
| Government/charities | No cap | Includes the original $1,000 seed deposit |
| Philanthropic stock donors | No fixed cap | New pathway: publicly traded stock can now be donated directly |
Newborn Enrollment Gets Built Into the System
- SSA is integrating Trump Account signup into the Enumeration at Birth program — the same system hospitals already use for newborn Social Security numbers
- Goal: let parents enroll a child “from the day a child is born” instead of doing it separately later
- SSA Commissioner Frank Bisignano called Social Security numbers “the backbone of Trump Accounts”
Official U.S. Treasury Trump Accounts Announcement →
Regulatory Clarity for Employers
- The Department of Labor confirmed Trump Accounts are not subject to ERISA
- This means employers don’t need to follow the same compliance framework used for 401(k)s when building a matching program