Taxpayers enroll 4M children in Trump Accounts, IRS reports
April 08, 2026
The IRS recently announced that taxpayers have enrolled more than 4 million children for tax-favored Trump Accounts, with more than 1 million opting for the $1,000 pilot program contribution.
The initiative, part of the One Big Beautiful Bill Act passed in July 2025, allows families to easily claim contributions by filling out a one-page form during tax returns.
To qualify, children must have been born between Jan. 1, 2025, and Dec. 31, 2028, and possess a valid Social Security number.
Contributions to Trump Accounts can be made starting July 4, 2026. All eligible children may receive deposits from parents, relatives, friends, employers, state governments, philanthropic organizations and individuals, subject to an annual limit. Read more.
