We at B&J Bookkeeping & Taxes love to learn about new ways to make, save, and invest money. One such new way is in the One Big Beautiful Bill passed in 2025, as part of The Working Families Tax Cuts. Although it has not officially begun, here is everything we know about the Trump Account for Kids.

1. What the IRS Says About the Trump Account for Kids

As stated above, the Working Families Tax Cuts allows parents and other guardians to receive a new type of investment account for their children. These are called the Trump Accounts. The child must be under age 18 before and have a valid Social Security number to be eligible. The pilot program offers $1,000 for any child with an SSN born between January 1, 2025, and Dec. 31, 2028. Older children will most likely have other options.

Did you know? Approximately 3.6 million babies are born each year in the United States with a fertility rate of about 1.786 births per woman? Source: Newborn Nests

2. What the Trump Administration Says About the Trump Account for Kids

You may logon to Trump Accounts to get the latest. Here are the highlights:

  • The Trump Account will fully be in your child’s name with you and your spouse or co-parent being the sole custodian until the child turns 18.
  • You do not need to contribute one cent to the account if you choose not to. However, you may deposit up to $5,000 per year to the account.
  • The start date as of now is July 5, 2026. You may sign up for email updates on the site.

Did you know? The account is estimated to be worth $19,000 by the time the child turns 18 if you contribute only $250 per year? It is estimated to be worth $271,000 if you contribute the max of $5,000 per year. Source: Trump Accounts

3. Other News About the Trump Account for Kids

Although details are not finalized, there are many exciting possibilities with this plan. For example, Michael and Susan Dell have pledged $6.25 billion to go to the first 25 million children aged under ten years old – with some restrictions applying. The official application will be IRS Form 4547. There is no official policy as of yet for withdrawing funds before the child turns 18. So far, the account will be limited to low risk investments. These include low cost ETFs or mutual funds. Once the child turns 18, they may access the funds or roll it over into an IRA.

More on Everything We Know About the Trump Account for Kids in Houston

This is a new and exciting program, but not all of it has been solidified. Also, there is no telling how the recent ruling on tariffs will affect this. We recommend using the services of a professional bookkeeper in your area in order to make the most of this opportunity. Contact us if you live in Houston and want to make the most of your future or present child’s Trump Tax Account.