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

Sign up to learn how a Trump Account fits into savings goals for your child, and when you can transfer the account to Fidelity.

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Steps to creating an account, from opening 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. You can open an account for your child if they're under 18, 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

You’ll start by applying for an account through the US Treasury. You can also sign up for our updates to stay informed on the latest details, including when you can transfer the account to Fidelity.

Stay informed

Apply for a Trump Account with IRS Form 4547

If you didn’t apply to open an account when you filed taxes for 2025, you can apply now with IRS Form 4547.

Activate your account and start funding it

You'll activate your account through the official Trump Accounts app when the Treasury lets you know it's ready. Starting July 4, 2026, you can begin funding the account and the Treasury will deposit $1,000 if your child qualifies.

Transfer your account to manage it long term

Later this year, you can choose to transfer your Trump Account to Fidelity. From then on, you can manage your account and contributions through Fidelity.

Compare Trump Accounts to other ways to save for your child

Fidelity offers a range of options with no account 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.	Growth 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.

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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.

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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.

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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're a US citizen with 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 account setup and funding aren't automatic. To open an account, apply using IRS Form 4547. If your child qualifies for the seed contribution, the US Treasury will fund the account with $1,000.
What are the contribution rules for a Trump Account?

Any individual can contribute, 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. The total contributions to each child's account from individuals and employers combined can't exceed $5,000 per year.
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 the 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 the 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. Contributions made by individuals (like parents and grandparents) were already taxed, so they're withdrawn tax-free. Other contributions, including those from employers and the government, are taxed when withdrawn.
Can I have a Trump Account through Fidelity?

Later this year, you'll be able to transfer your Trump Account from the US Treasury 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 the Treasury shares additional guidance. Before you can transfer your account, you'll need to open an account by applying with IRS Form 4547 at TrumpAccounts.gov.
Can you convert a Trump Account to a Roth IRA later?

After your child turns 18, they may be able to convert their 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.

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