Do You Have a Child? How to Claim a $1,000 Trump Account for Free - February 2026
By Steve Levine
Published: October 9, 2025
Claim Form: Not Yet Available
Estimated Benefit: $1,000 seed deposit for eligible newborns
Proof Required: Child Social Security number when claiming
At a Glance
Do you have a child or a baby on the way. Starting with children born in 2025, eligible U.S. newborns receive a one time $1,000 government deposit into a new investment account called a Trump Account.The program is law. Accounts are expected to be available starting in mid 2026 and will be claimed when parents file 2025 tax returns in 2026.
Program Summary
● Law: One Big Beautiful Bill Act signed July 4, 2025
● Eligibility Window: Births from Jan 1, 2025 through Dec 31, 2028
● Rollout: Claim with 2025 tax filings in 2026. Accounts expected to be available mid 2026
● Funding Source: Federal general revenues appropriated by Congress
● Investment: Low cost broad market index funds managed by approved providers
● Contributions: Up to $5,000 per year from family and friends until age 18, plus up to $2,500 per year from employers
● Qualified Uses at 18: Education, first home purchase, starting a small business
Who Qualifies
Your child qualifies for the $1,000 deposit if both are true.1. U.S. citizen born between January 1, 2025 and December 31, 2028
2. Has a Social Security number
Children born outside that window can still open an account without the $1,000 deposit.
How to Claim the $1,000
Parents will claim the account on their 2025 tax return filed in 2026.• Have your child’s Social Security number ready
• Elect the Trump Account option during tax filing
• If parents do not act, the government will automatically open an account for eligible children
Expect the initial $1,000 to be deposited after setup is complete. You will receive instructions by mail or electronically based on your filing details.
When Does It Actually Start
The law is in effect now. The practical rollout begins in 2026 alongside 2025 tax filings. Account portals and statements are expected to begin mid 2026.Who Manages the Money and Where Is It Invested
Treasury sets policy and the IRS handles enrollment. Day to day investment is placed with authorized asset managers in low cost broad market index funds, similar to simple retirement index choices. Families cannot pick individual stocks. Options will be limited to conservative, balanced, or growth index mixes to encourage long term compounding.Can Families Add Money
Yes. You can contribute up to $5,000 per year until your child turns 18. Employers can add up to $2,500 per year toward the cap without counting as taxable income for the employee. Extra contributions follow the same index investment menu.When Can The Money Be Used
At age 18 the account becomes available for qualified uses. Education costs, first home purchase, or starting a small business. These qualified uses avoid the early withdrawal penalty. Investment gains withdrawn are still taxed as ordinary income.Early withdrawals for non qualified uses before age 59½ may face income tax plus a 10 percent penalty.
Taxes
The $1,000 deposit is not taxable income to the family. Earnings grow tax deferred. Qualified withdrawals avoid the 10 percent penalty, but gains are taxed as income when withdrawn.FAQ
Has the program actually started
Accounts are expected to be available starting in mid 2026 and will be claimed through 2025 tax filings in 2026.
Was this passed as part of a law
Yes. It is written into statute under the One Big Beautiful Bill Act signed on July 4, 2025.
Who qualifies for the $1,000 deposit
U.S. citizens born 2025 through 2028 with a Social Security number.
How do I claim the account
Elect the Trump Account on your 2025 tax return in 2026. If you do not act, the government will open one automatically for eligible children.
Where does the money come from
Congress funds the deposits from general federal revenues.
Who manages the investment and where is it invested
Treasury and IRS administer policy and enrollment. Authorized managers invest the funds in low cost broad market index funds.
How much can we contribute each year
Up to $5,000 from family and friends until age 18, plus up to $2,500 from employers.
What can my child use it for at 18
Education, first home purchase, or starting a small business. Early non qualified withdrawals may face taxes and a penalty.
How Do I Find Class Action Settlements?
Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:Sources
• White House overview• NPR parents information
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Submit Claim| Program Summary | |
| Status | Enacted. Rollout expected in 2026 |
|---|---|
| Law | One Big Beautiful Bill Act (signed Jul 4, 2025) |
| Eligibility Window | Births from Jan 1, 2025 to Dec 31, 2028 |
| Initial Deposit | $1,000 per eligible child |
| How to Claim | Elect on 2025 tax return in 2026. Automatic if parents do not act |
| Investments | Low cost broad market index funds |
| Family Contributions | Up to $5,000 per year until age 18 |
| Employer Contributions | Up to $2,500 per year toward the cap |
| Qualified Uses | Education, first home, small business at age 18 |