Illustration of Trump Accounts under the One Big Beautiful Bill — children's IRA with a one-time $1,000 Treasury seed for kids born 2025-2028 and Form 4547 election via IRS Individual Account

Trump Accounts: $1,000 Treasury Seed + Form 4547 Election Guide

BySW Accounting admin 05/30/202605/30/2026

What is a Trump Account and how do you open one? A Trump Account is a new type of tax-advantaged individual retirement account for children, created by the One, Big, Beautiful Bill (OBBBA, enacted July 4, 2025). A parent, guardian, or other authorized individual can establish one for a child who is under age 18…