Approximately 3 million children signed up for Trump accounts
Accounts opened with tax season on Jan 26, 2025
$1,000 seed money available for children born 2025-2028
Federal funding will be available starting July 4
Companies can match Treasury's initial deposit up to $2,500
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Treasury Secretary Scott Bessent announced in Dallas on Friday that families have signed up approximately 3 million children for Trump accounts, following a massive publicity push that included a Super Bowl ad and a billboard in New York's Times Square. The accounts, which opened with the start of tax season on January 26, 2025, allow families to claim seed money of up to $1,000 by filing IRS Form 4547 with their 2025 tax returns. After the Super Bowl on February 8, Invest America announced that families could also begin filing Form 4547 separately through TrumpAccounts.gov. The early response to the program has been significant, with Matt Lira, co-founder of Invest America, noting that such programs often struggle with sign-ups, making the strong uptake indicative of 'product market fit.' The Trump Accounts Tour continues to promote these investment vehicles for children, with Bessent having previously spoken at the Economic Club of Dallas. Only children born between 2025 and 2028 are eligible for the one-time $1,000 Treasury contribution, while parents and guardians can contribute up to $5,000 annually until children turn 18. The authentication process is expected to begin in May, with the federal government's seed funding becoming available on July 4. Additionally, companies can match the Treasury's initial deposit up to $2,500, and some children may qualify for philanthropist gifts depending on income and location.
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Financial programs, Child investment accounts, Government initiatives, Tax policy
Department of (the) Treasury or Treasury Department may refer to:
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A Trump account, also known as a 530A account, will be 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 One Big Beautiful Bill Act (OBBBA) of 2025.
Certain aspects of how Trump accounts will func...
American businessman and government official (born 1962)
Scott Kenneth Homer Bessent ( BESS-ənt; born August 21, 1962) is an American businessman and government official serving since 2025 as the 79th United States secretary of the treasury. Bessent was a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. ...
Super Bowl commercials, colloquially known as Super Bowl ads and sometimes referred to as Big Game spots for legal reasons, are high-profile television commercials featured in the U.S. television broadcast of the Super Bowl, the championship game of the National Football League (NFL). Super Bowl com...
In this article Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 7:01 07:01 One Super Bowl ad touts Trump accounts. Here's who is eligible for free money Markets and Politics Digital Original Video On the heels of a massive publicity push, including a Super Bowl 60 ad and a billboard in New York's Times Square, families have filed about 2 million forms to open Trump accounts , Treasury Secretary Scott Bessent said at an event near Dallas on Friday. "As we approach 2 million forms, that will probably be about 3 million children," Bessent said. The stop was part of the Trump Accounts Tour, following an earlier speech at the Economic Club of Dallas, where Bessent also plugged the accounts. "Programs like this often struggle with sign-ups," Matt Lira, co-founder of Invest America, a nonprofit advocacy group, told CNBC in an interview. Invest America paid for the Trump account Super Bowl commercial and has been promoting the new investment accounts for children. The early response from families "shows that the product market fit on the idea is strong," he said. The opening of tax season on Jan. 26 was the first opportunity for families to elect to open Trump accounts and claim seed money of up to $1,000 by filing IRS Form 4547 with their 2025 tax returns . Less than two weeks later, following the Super Bowl on Feb. 8, Invest America announced in an X post that families could also start filing Form 4547 separately through TrumpAccounts.gov. Read more CNBC personal finance coverage Treasury: Trump accounts sign up about 3 million kids in early push Average IRS tax refund is up 14.2%, according to early filing data Student loan delinquency rate jumps to nearly 25% in Trump's second term: analysis What Supreme Court ruling against Trump tariffs means for your money Personal loans surge: It's 'the middle-class refinancing option,' expert says Trump: tax refunds are 'substantially greater than ever before.' What to expect Trump officials warn hundreds of college...
