who is eligible for a trump child account

For the federal Trump Account program, the child generally must be a U.S. citizen with a valid Social Security number, and be under 18 by the end of the calendar year when the account is elected. The pilot $1,000 government contribution applies to children born between Jan. 1, 2025, and Dec. 31, 2028.

Eligibility basics

The account can be opened by a parent, guardian, or other authorized adult for an eligible child. The IRS says the child must not have turned 18 before the end of the calendar year in which the election is made, and must have a valid Social Security number.

Who gets the $1,000

The automatic $1,000 seed contribution is tied to children born between 2025 and 2028 who are U.S. citizens and have a valid Social Security number. News reports published this week say the program has now launched and that eligible families can begin receiving the Treasury contribution.

What this means in practice

If the child was born before 2025, they may still be able to have an account opened, but they would not qualify for the federal newborn seed deposit described above. Some reports also note that private or employer contributions may be available under the program’s rules.

Simple example

A baby born in 2026 in the U.S., with a valid Social Security number, would generally be eligible for the program and the $1,000 federal contribution. A 10-year-old U.S. citizen might still be able to have an account, but not the newborn seed money.

Would you like the exact requirements for opening one, or a plain-English explanation of how the account works?