530A Trump Accounts A new way to start investing for your child’s future

Sign up to learn how a Trump Account can help support your child’s savings goals and when transfers to Fidelity are available.

Stay informed

Steps to creating an account, from claiming it with the US Treasury to transferring to Fidelity.

The latest information as Trump Account rules and details evolve.

Insights on making the most of a Trump Account and other child savings account options.

What is a Trump Account?

A Trump Account is a way to start saving and investing for your child’s retirement as soon as they’re born. Children under 18 can have an account, and those born between 2025–2028 can qualify for a $1,000 government seed contribution.

Saving for your child in a Trump Account offers:

Tax-advantaged growth: Taxes defer until your child is able to make withdrawals later in adulthood.
Early investing for retirement: Starting early can mean extra decades for compounding potential growth. After your child turns 18, the account works similar to a traditional IRA.

How to open a Trump Account

Sign up for our updates to stay informed on the latest details about Trump Accounts, including when you can transfer it to Fidelity.

Stay informed

Claim the Trump Account with the US Treasury

If you didn’t apply for an account when you filed taxes for 2025, you’ll start by claiming your child’s account through the official Trump Accounts app or at TrumpAccount.com.

Opt into the government contribution

If your child was born in 2025–2028 and qualifies for the $1,000 government contribution, you’ll need to opt into it. You can do this in the app when you claim the account.

Transfer your account to manage it long term

Pending guidance from the Treasury, you’ll eventually be able to transfer your Trump Account to Fidelity. From then on, you can manage your account and contributions through Fidelity.

Compare Trump Accounts with other ways to save for your child

Fidelity offers a range of options with no account opening fees¹ to save and invest for your child, based on your goals. If you have a teenager who is interested in saving and investing on their own, we also offer a Fidelity Youth^® account.

	530A Trump Account	Roth IRA for Kids	529	Custodial UGMA/UTMA
Savings goal	Retirement	Retirement	Education	Flexible needs
Contribution and gifting limits	$5,000 total annual limit from individuals and employers combined.	Requires child to have income. Limit is 100% of their income or $7,500 in 2026 (whichever is less).	No annual limit. Free from gift tax up to $19,000 per individual in 2026.	No limit. Free from gift tax up to $19,000 per individual in 2026.
How it’s taxed	Taxed as ordinary income.	Tax-free withdrawals after 59½.²	Tax-free withdrawals for qualifying educational expenses.	Earnings taxed annually under kiddie tax rules.
Investment options	Limited to standardized, US market–based index investments until the child is 18.	Full range of investments, including stocks, mutual funds, bonds, CDs, and fractional shares.	Fidelity offers age-based and customized investment portfolio options.	Full range of investments, including stocks, options³, mutual funds, bonds, CDs, and fractional shares.
	Coming soon	Explore Roth for Kids	Explore 529	Explore UGMA/UTMA

Trump Accounts: A new way to save for kids

Find out what to know about Trump Accounts and how they work.

Article

How to use Trump Accounts to save for kids

See how Trump Accounts can complement familiar options like 529s, UGMAs/UTMAs, and Roth IRAs for minors.

Article

Stay up to date with information about Trump Accounts as more details are released, including when you're able to transfer your account to Fidelity.

We'll also share resources that can help explain how Trump Accounts can fit in with your plans for saving and investing for your child.

First name

Last name

Frequently asked questions

Who is eligible for a Trump Account and the $1,000 government seed contribution?

Your child can have a Trump Account if they have a valid Social Security number and will be under 18 for rest of the current calendar year. However, only children born between January 1, 2025, and December 31, 2028, are eligible for the $1,000 government seed contribution. The Treasury has set up accounts for eligible children, but you'll still need to claim the account and opt into the contribution if your child qualifies.
What are the contribution rules for a Trump Account?

Any individual can contribute to a Trump Account—including parents, family members, and friends. Individual contributions are made with after-tax dollars and are not tax-deductible. Qualifying children may get a $1,000 government contribution when the account is created, and some employers and private donors have also pledged contributions. If you're eligible to make contributions through an employer plan, you may be able to contribute pre-tax dollars of up to $2,500 per year, which count toward the $5,000 annual limit for each child.
How does a Trump Account compare to a 529 plan?

A 529 plan can offer more tax advantages if your goal is to save for your child's education, with tax-free withdrawals on qualified education expenses. However, if your child qualifies for the $1,000 government seed contribution, or if your employer offers a matching Trump Account contribution, it may make sense to take advantage of those opportunities. From there, how you prioritize any future contributions to the account may depend on your savings goals.
When can you take withdrawals from a Trump Account?

Generally, you can't take withdrawals from a Trump Account while your child is under 18. When your child turns 18, they take ownership of the account. After age 18, the account rules are like a traditional IRA—withdrawals are generally taxed as ordinary income and could have a 10% early withdrawal penalty if taken earlier than age 59½. There may be exceptions on the early withdrawal penalty if the money is used for certain reasons after age 18, such as up to $10,000 to buy their first house or for qualified education expenses.
How are Trump Accounts taxed?

Any potential earnings in a Trump Account grow tax-deferred—meaning you won't pay taxes on money that's still invested. After your child turns 18, the account has rules like a traditional IRA, with ordinary income taxes on withdrawals of earnings. Pre-tax contributions—like employer and government contributions—are also taxed as ordinary income. After-tax contributions made by individuals are not taxed again on withdrawal.
Can I have a Trump Account through Fidelity?

Pending guidance from the US Treasury, you’ll eventually be able to transfer your Trump Account to Fidelity. From then on, you can manage the account and make contributions through Fidelity. We'll share details about when and how to transfer your account as additional guidance becomes available. Before you can transfer your account, you'll need to claim the child's account through the official Trump Account app or at TrumpAccount.com.
Can you convert a Trump Account to a Roth IRA later?

After your child turns 18, they may be able to convert their Trump Account to a Roth IRA. The same Roth conversion rules that apply to traditional IRAs would apply to this conversion. We'll share more details about Roth conversions for Trump Accounts as the IRS shares additional guidance.

View all FAQs