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Trump Accounts | Internal Revenue Service

Resource Name:Trump Accounts | Internal Revenue Service

Internal Revenue Service

Not Applicable.

Eligibility

Accounts can be opened for children who have not yet turned 18 before the end of the calendar year. Children must have a valid Social Security number and be a United States citizen. Parents and/or legal guardians must open the account. NOTE: A pilot program contribution of $1,000 will be made for children born between January 1st, 2025 and December 31st, 2028 who are United States citizens and have a valid Social Security number.

Required documents

Will be requested as needed.

Hours

Website available 24 hours a day, 7 days a week.

Languages

None.

Application process

  • Visit the website at www.irs.gov/trumpaccounts for more information and to open an account.
  • For questions, call the Trump Account call center at 866-872-4547.

Fees

No fee to open an account. There is no minimum amount to open an account and no account fees. Maximum contribution of $5,000 per year. Funds cannot be used without penalty until the children turns 18 and must be used for qualifying expenses such as higher education or home purchase.

Service area

United States
Provides a government sponsored savings account for youth.

Last Verified

07/15/2026

Providing organization

Internal Revenue Service
Collects federal income taxes and is responsible for voluntary compliance with tax laws and regulations. Provides tax information and assistance.

Data provided by

211 Summit
Trump Accounts | Internal Revenue Service