Trump Accounts 2026: The Complete Guide to Your Child's $1,000 Federal Head Start

# Trump Accounts 2026: The Complete Guide to Your Child's $1,000 Federal Head Start

> **Quick answer:** Trump Accounts are a new type of custodial traditional IRA for children under 18, launching July 5, 2026, under the One Big Beautiful Bill Act. The federal government seeds eligible accounts with $1,000 for children born between January 1, 2025, and December 31, 2028. Parents can add up to $5,000 per year (no earned income required), and funds grow tax-deferred in low-cost U.S. equity index funds until the child reaches 18.

Trump Accounts 2026 — officially "MAGA accounts" in early legislative drafts — are the most talked-about new savings vehicle for families since the 529 plan. Starting July 5, 2026, parents can open an account at trumpaccounts.gov, receive a free $1,000 government deposit for qualifying children, and begin building long-term wealth for their kids. Here is everything you need to know before the July 4 launch date.

> **This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.**

## What Are Trump Accounts? The OBBBA's New Child IRA

Trump Accounts are a new savings vehicle created under the One Big Beautiful Bill Act (OBBBA), signed into law in 2025. They are structured as custodial traditional IRAs — the child legally owns the assets, but an adult guardian manages the account until the child turns 18.