More than four million children have been enrolled in Trump Accounts since the program launched, the IRS has confirmed, with over one million of those enrollments also electing to receive the $1,000 pilot program contribution.
Trump Accounts were created under the One Big Beautiful Bill Act. The accounts are available to every American child born between January 1, 2025 and December 31, 2028, and each comes with a $1,000 government seed contribution invested in an index fund. Contributions to the accounts can begin July 4, 2026.
Enrollment is straightforward. Parents file IRS Form 4547 alongside their tax return to open an account and claim eligibility for the seed contribution. The IRS worked with the Treasury Department to keep the process to a single page. Accounts are held in the child’s name, remain under parental control until the child turns 18, and require only a valid Social Security number to set up. No ongoing contributions are required, though families can deposit up to $5,000 per year into the account if they choose. Contributions can come from parents, relatives, friends, employers, state governments or philanthropic organisations.
The potential long-term value of the accounts is significant. Treasury’s Office of Tax Analysis has projected that a fully funded account — with the maximum $5,000 deposited annually — could grow to around $1.9 million by the time the child reaches 28, based on historical market return assumptions. Even at the lower end of projected returns, that figure comes in close to $600,000. An account left with only the initial $1,000 government contribution and no further additions is estimated to be worth between $3,000 and $13,800 after 18 years, depending on market performance.
The accounts have drawn corporate support as well. A number of major employers have announced plans to match the government’s $1,000 seed contribution for eligible employees’ children, extending the program’s reach beyond the government’s own budget. More information is available at trumpaccounts.gov.