President Trump rolled out the sign up sheet Tuesday for the savings accounts bearing his name, which is aimed at providing young Americans access to a starter fund once they turn 18.
Passed under the Big Beautiful Bill, the so-called “Trump accounts” aims to give American citizens born from Jan. 1, 2025, through Dec. 31, 2028 an initial $1,000 in a tax-deferred investment account.
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How can you open a Trump account?
The tax-deferred investment accounts will be available to new parents and guardians through a new form with the IRS, known as Form 4547, a nod to Trump’s presidential numbers.
A sign up sheet will become available on a new government website dedicated to the program, with the Treasury Department set to follow up with those who complete the form by May 2026.
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More information on how to sign up for the program will become available on the Trump accounts website on Dec. 17.
How do Trump accounts work?
Once an American baby is born, the government pledges to create a savings account with a one-time deposit of $1,000.
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The contributions will go into low-cost US equity index funds, effectively working like an IRA that builds value over the years.
Who is eligible for Trump accounts?
Trump accounts will be available for any child aged 18 and under with a Social Security number.
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There are no income requirements for the program.
When can children access the funds?
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Once the child becomes a legal adult, they can use the money in their account to pay for education expenses, start a small business, or to purchase their first home.
The beneficiary is also free to leave the funds alone and keep the account growing, effectively turning it into an IRA.
* Original Article:
https://nypost.com/2025/12/02/us-news/white-house-launches-sign-up-for-trump-accounts-offering-1000-saving-funds-for-kids/