Treasury to create Trump Accounts for millions of eligible children — here is how to claim them

What happened

The Treasury Department will automatically create Trump Accounts for eligible children who do not already have an account, using authorized government information. The rules will affect approximately 73 million children in about 44 million families. The Treasury will establish a separate account for each eligible child and invest associated assets collectively through a master group trust. Parents or guardians must claim the automatically created account to receive other permitted contributions

Why it matters

The creation of Trump Accounts will expand participation in the program while protecting taxpayer information. The distinction between automatic account creation and the government's $1,000 contribution is significant, as automatic enrollment alone does not qualify a child for the federal payment. The new regulations will result in more than 60 million additional children having Trump Accounts in 2026.

Key facts

• The Treasury Department will automatically create Trump Accounts for eligible children without their parent's consent.
• Approximately 73 million children in about 44 million families will be affected by the rules.
• Parents or guardians must claim the automatically created account to receive other permitted contributions and the $1,000 federal contribution.
• The $1,000 pilot program applies to qualifying children born from 2025 through 2028.
• Children can access the money in their Trump Accounts when they turn 18 for specific purposes.

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