Trump account

A Trump account, also known as a 530A account, is a stock market index investment account in the United States established for a U.S. citizen child. Trump accounts were initially authorized in law by the 2025 One Big Beautiful Bill Act (OBBBA) and became available in July 2026.

Certain aspects of how Trump accounts function remain unclear, but the Internal Revenue Service (IRS) released a notice of its planned regulations in December 2025. The IRS describes a Trump account as a type of individual retirement account (IRA). Before January 1 of the calendar year in which the child will reach 18 years old, the funds in the account cannot be withdrawn, and after that, the account will be treated the same as a traditional IRA.

Trump accounts generally have more restrictions and fewer tax benefits than some other investment accounts such as 529 accounts, traditional and Roth individual retirement accounts, health savings accounts, 401(k) accounts, and 403(b) accounts. However, the U.S. government and private donors will provide funds for deposit into Trump accounts for some children. This is expected to include US$1,000 deposits offered by the federal government for U.S. citizen children born in 2025–2028 and US$250 deposits offered by Michael and Susan Dell (the chief executive officer of Dell Technologies and his wife) for up to twenty-five million other children born in 2014–2024 who live in ZIP codes where the median family income is US$150,000 or less.

Trump accounts became available for initial deposits on July 4, 2026 (the 250th anniversary of the U.S. Declaration of Independence). In April 2026, the US Treasury announced it designated BNY as a financial agent to manage initial accounts. The bank will also be partnering with Robinhood to develop a Trump accounts app and provide customer service.