The new program allows parents to set up savings for young children that can later be used similarly to a traditional IRA.

・Trump Accounts (savings plans for children) will open in 2026 with a one-time $1,000 federal contribution for babies born from 2025 through 2028. ・Families must file IRS Form 4547 to establish the ...

Parents cannot depend on an automatic enrollment system to create a new Trump Account for their children. To qualify for the $1,000 pilot program contribution for a Trump Account, a child must be a ...