Ashlea Ebeling & Richard Rubin:
Any child with a Social Security number who is under age 18 at the end of the year the account is established.
Under a pilot program, the Treasury Department would seed the accounts with $1,000 for children born between Jan. 1, 2025 and Dec. 31, 2028 who have a Social Security number and are U.S. citizens.
When are they available?
The accounts are expected to roll out in 2026, and parents and others will be able to start contributing in July. The Treasury Department will oversee the program, and banks or other financial institutions will administer accounts.
How do people get an account?
People with eligible children can elect to open an account by filling out a new IRS tax form, Form 4547, which you can attach to your tax return. There is a box to check if you want to receive the $1,000 seed money. Alternatively, in mid-2026 there will be an online portal at www.trumpaccounts.gov where parents and guardians can sign up their children for accounts.