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Question

What is a Trump Account, and how does it work?

Answer

A Trump Account is a tax-advantaged individual retirement account established by the One Big Beautiful Bill Act for eligible children under Internal Revenue Code Section 530A. Contributions of up to $5,000 per year can be made before the beneficiary turns 18, with funds growing tax-deferred until the beneficiary reaches age 18 and can access the account.

Related FAQs

Can I still contribute to retirement plans after selling my dental practice?

When can I start contributing to a Trump Account?

Where can I find the official IRS guidance on Trump Account gift tax treatment?
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Last Updated July 2, 2026
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