Trump Accounts Launch July 4th: What They Are, Eligibility, and How to Open One

Jackie Thibeault, Wealth Advisor, has published a LinkedIn article about the new Trump accounts, also known as 503A accounts.

Trump accounts are a new type of tax-advantaged account for children introduced into federal law in 2025. They are designed to give children in the US an early start towards long-term financial security.

The Overview

• The account belongs to the child but is managed by a parent or guardian until age 18. 
• Only one account is allowed per child.
• Families, employers, or others may contribute to the account on their behalf subject to a $5,000 total annual limit.
• They are modeled after Individual Retirement Accounts (IRAs) and function under similar rules.
• Investments grow without taxes until withdrawals later in life.
• Funds are invested in low-cost U.S stock index funds or ETFs

Who Is Eligible?

The beneficiary must be:

• Under 18 years old
• A U.S citizen
• Have a valid social security number

Government contribution (pilot benefit)

Children born between January 1, 2025 and December 31, 2028 may receive free seed money in the form of a $1,000 contribution from the U.S. government.

Other children can still open accounts but won’t receive the $1,000 deposit.

Children born between 2016 and 2024 could get $250 if they live in a ZIP code where median income is below $150,000, due to a $6.25 billion pledge from Michael and Susan Dell.

Eligible children will begin receiving the $1,000 pilot program contribution from the Treasury Department beginning on or after July 4, 2026. The $250 Dell gift is expected to follow soon after according to the Dell Foundation.

How to Open a Trump Account

Opening a Trump Account involves a few formal steps:

Step 1: Gather required information

You’ll need:

• Child’s Social Security number
• Date of birth and address
• Your personal identification details

Step 2: Submit IRS Form 4547

• File Form 4547 (Trump Account Election) with the IRS. [irs.gov]
• This officially establishes the account for the child.

Step 3: Use the official platform

• Sign in or create an account via:
  • IRS website or
  • Trump Accounts portal/app

Step 4: Activate the account

• After submission, you’ll receive instructions to activate the account online or via the app.

Step 5: Start contributing

• Once active (from July 2026 onward), you can:
  • Add funds
  • Receive eligible government contributions

In Conclusion

Trump Accounts are a way to help children start saving early. They focus on long-term investing and tax-deferred growth. Some children may also receive a government contribution. For families who want to help their children build wealth over time, these accounts offer a simple starting point.

At Copper Leaf Financial we work closely with our clients and their families to implement sustainable financial plans built to help them reach their long-term goals. Contact us today to learn more.

Recipients should not act on the information presented without seeking prior professional advice. Check with your advisor about your specific situation or contact Copper Leaf Financial at 802.878.2731

By Jackie Winkler, Wealth Advisor, Copper Leaf Financial

Sources:

https://www.irs.gov/trumpaccounts

https://www.cnbc.com/2026/07/01/trump-accounts-launch-july-4.html

https://www.usbank.com/investing/financial-perspectives/investing-insights/trump-accounts.html

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