The U.S. Department of the Treasury, in remarks by Secretary Scott Bessent, set out the design of “Trump Accounts”, a tax-advantaged investment account for children that includes a USD 1,000 Treasury contribution for every U.S. child born between January 1, 2025 and December 31, 2028. The Treasury seed contribution is to be invested immediately in an index fund and is claimed by most families by checking a box on Form 4547, with the speech reporting around 500,000 elections within the first three days of the 2026 tax filing season. Beyond the newborn seed funding, children under 18 are eligible to receive a Trump Account funded by parents, friends, employers, philanthropists and state governments. Treasury said family, friends and employers will be able to contribute up to USD 5,000 per account per year starting July 4, and cited Council of Economic Advisers estimates that maximum annual contributions could grow an account to more than USD 1 million by age 28. The remarks also highlighted employer matching commitments from a range of companies, and philanthropic pledges including USD 6.25 billion from Michael and Susan Dell and USD 75 million from Ray and Barbara Dalio, alongside a Treasury-launched “50 State Challenge” initiative to mobilise donations; accounts are described as locked until age 18, when funds can be used for continued saving or for purposes such as home purchase or education. Treasury framed July 4 as the start date for the USD 5,000 annual contribution channel and as the planned launch point for Trump Accounts, with further philanthropic participation expected in the months leading up to that date.

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