Seed Money for your Child

Trump Savings Accounts

Did you have a child born in 2025? If so, the Treasury Department will be depositing $1000 into a new type of individual retirement account also known as "Trump Accounts". Trump Accounts are part of the One Big Beautiful Bill Act (OBBBA)that was recently passed. 

Children born in 2026-2028 are going to be eligible for this deposit also. To receive the $1000 deposit your child must be: 

  • A U.S citizen
  • Be born between 01/01/2025 and 12/31/2028
  • Have a social security number

More details about the Trump Accounts:

  • Children born in 2025 will receive the $1000 deposit automatically with no action required by the parents. We are currently awaiting more guidance, but we believe the deposits will be seen in July of 2026
  • Children born in 2026-2028 will need to be claimed on the parent's tax return to receive the $1000 deposit.
  • Voluntary contributions up to $5000 will be allowed by families, friends, and employers. If made by families and friends, funds will come from after tax dollars, if by an employer, the contribution will not be counted as income to the employer (up to $2500).
  • Access to the funds is locked until age 18, then will roll into rules for a traditional IRA
  • Accounts are retroactive and parents can open an account for a child born before 2025, but there is no government seed money contributions