Get $1,000 for your baby’s future
A guide to 530A/Trump Accounts
If your child was born after January 1, 2025, you should open a 530A investment account as soon as you can. The government will add $1,000 to the account, and the money may grow over time. No one can withdraw the money before your child turns 18, even in an emergency.
Some children born before 2025 may still benefit from opening a 530A account. Keep reading to learn more.
What is this account?
A 530A account, also called a “Trump Account,” is a new investment account for children. The accounts are expected to be available starting in July 2026. Any child under 18 with a Social Security Number can have an account. The money will be invested in the stock market, where it will likely grow over time. When your child turns 18, they will be able to use the money for certain things, like higher education.
How do I sign up?
To open the account and receive the $1,000 government contribution, you must complete two steps.
- File a form with the IRS
- Follow the instructions that Robinhood will send you to open the account.
The process may change. Check for the latest updates before you begin.
- IRS sign-up is open now.
- Robinhood sign-up is expected to open in July 2026.
Haven’t filed your taxes? You might be leaving money on the table
You may still want to file a tax return even if you did not work or earned very little income. Filing taxes may help your family access benefits, tax credits, and a 530A account.
Do I get this money automatically?
No. You must sign up to open the account and receive any contributions.
If you do not take action, your child will not receive this money.
Who puts money into this account? How much?
Money can come from four sources:
- The federal government Children born between 2025 and 2028 will receive $1,000 from the federal government.
- Donors and state governments Some donors and state governments may also contribute money to certain accounts. Contribution amounts vary.
- Employers Some employers may contribute money to their employees’ children’s accounts. Contribution amounts vary by employer.
- Families You and your family can also add money to the account.
You do not have to contribute money to open the account or receive government or donor contributions.
How does the account work?
All 530A accounts are currently managed by Robinhood, the company selected to manage these accounts. You can switch to a different company later.
Will this account affect my public benefits, like SSI or SNAP?
It’s unlikely, but possible. The 530A shouldn’t affect your public benefits while your child is under 18, but the accounts are new and formal information is still coming out. You may consider being cautious if you are enrolled in Supplemental Security Income (SSI) or Temporary Assistance for Needy Families (TANF).
How is a 530A investment account different from a 529 plan?
529 and 530A accounts can both help families save for a child’s future, especially for higher education. However, they work differently. Which account is best for your family depends on your financial situation, your goals, and where you live. If you plan to add your own money, learn how these accounts work before you choose one Learn more.