New Trump Accounts for Kids: What Parents Should Know Now

A new savings account built for kids

The IRS has published temporary rules for a new kind of savings account called a Trump account. The rules were published in the Federal Register on September 30, 2026, and took effect that same day.

These accounts are set up for account beneficiaries, which means the child the account belongs to. The rules cover how an account gets started and how money can be added to it.

This is brand new. The government is still rolling out the details. But it helps to understand the basics now so you are ready when your family can act.

How an account gets started

The rules describe two ways an account can begin. A responsible party (usually a parent) can choose to open an initial Trump account for a child.

The rules also describe automatic enrollment. This means the Secretary of the Treasury can set up an account for some children even without a parent starting one first.

Each account has a trustee that holds the account, plus the beneficiary (the child) and a responsible party who manages it. These are terms you will see when the program reaches families.

How money goes in

The rules explain qualified general contributions. These are a special type of deposit that can be made into a Trump account.

They include qualified stock contributions, which means certain gifts of stock. Eligible donors are the people or groups allowed to make these contributions.

The published rules do not list specific dollar limits in the part we reviewed. We will not guess at numbers. As the IRS releases more guidance, check the official source for exact amounts and limits before you count on any figure.

What parents can do right now

First, know that anything the government offers here is free to use. You never have to pay a middleman to open or manage a real government account.

Watch for official IRS guidance. Because the rules just took effect, more instructions for families are likely coming.

Be careful of anyone who calls, texts, or emails offering to sign your child up for a fee. Official programs do not work that way. Go straight to the IRS for the real details.

Frequently asked questions

What is a Trump account?

It is a new type of savings account for a child, with rules published by the IRS on September 30, 2026. An account has a trustee, a beneficiary (the child), and a responsible party who manages it.

Do I have to pay to open one?

No. Official government programs are free to use. Be cautious of anyone charging a fee to sign your child up.

How much can be contributed?

The rules we reviewed did not list specific dollar limits. We will not guess. Check the official IRS source for exact amounts as they are released.

How does automatic enrollment work?

The rules allow the Secretary of the Treasury to set up an account for some children even if a parent has not opened one. Watch official IRS guidance for who this applies to.