The U.S. Department of the Treasury recently launched the new Trump Accounts mobile app, giving families a centralized way to enroll in, activate, and manage Trump Accounts for eligible children. The app became available nationwide in late May 2026 and serves as the primary interface for the program ahead of its full rollout on July 4, 2026.
What Are Trump Accounts?
Trump Accounts were created under the One Big Beautiful Bill Act of 2025 as a new type of tax-advantaged investment account for children under age 18 who are U.S. citizens and have a valid Social Security number. The goal of the program is to encourage long-term investing and wealth building from an early age.
One of the features of the program is a one-time $1,000 government contribution for eligible children born between January 1, 2025, and December 31, 2028. Additional contributions may be made by parents, relatives, employers, charitable organizations, and certain government entities, subject to applicable contribution limits. Annual contributions from individuals are generally limited to $5,000 per child.
What Does the App Do?
The new app allows parents and guardians to: (1) Activate and manage a child’s Trump Account, (2) View account balances and investment performance, (3) Track contributions, (4) Receive account-related notifications and updates, and (5) Access account information securely from a mobile device.
How Does This Affect Taxpayers?
For many families, Trump Accounts represent a new savings and investment option for children. However, taxpayers should understand that these accounts are separate from other popular savings vehicles such as 529 education plans, Coverdell ESAs, and custodial accounts.
Looking Ahead
Because the program is still in its early stages, additional guidance from the Treasury Department and IRS is expected. We will continue monitoring developments and provide updates as more information becomes available regarding enrollment, contributions, investment options, and tax reporting requirements.