Give your child a financial head start with the new tax-advantaged savings accounts under the One Big Beautiful Bill Act.
530a Accounts are a brand-new type of tax-advantaged investment account — similar to a traditional IRA — established exclusively for an eligible child. Contributions grow tax-deferred, and the account belongs to the child. They are designed to jumpstart the American Dream by giving every child a head start on lifelong financial security.
For every qualifying child born between January 1, 2025 and December 31, 2028, the U.S. Treasury will deposit $1,000 into the Trump Account when you elect it on IRS Form 4547. This does not count against your annual contribution limit.
Thanks to a landmark $6.25 billion pledge from the Michael & Susan Dell Foundation, children under age 10 in qualifying ZIP codes will automatically receive an additional $250. Simply open the account to claim it.
Up to $5,000 per child per year. Contributions are not tax-deductible, but all growth is tax-deferred until withdrawal after age 18. No education-use requirement like 529 plans — funds can be used for any purpose.
Any U.S. citizen who is a child with a valid Social Security number under age 18 at the end of the year. The authorized individual (usually a parent or guardian) makes the election via IRS Form 4547 (Trump Account Election(s)) to open the account through individual filing or through a CPA.
You can file Form 4547 with your 2025 tax return or separately. Once approved, the account is set up with a trustee (bank or IRS-approved entity). Starting July 4, 2026 you can also enroll online at trumpaccounts.gov.
Our team handles the entire process: completing Form 4547, coordinating with your accountant (if you have one) and the trustee of the account. We make it simple, accurate, and efficient. Fill out our intake form below and we will contact you with most of the work already done.
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