IRS rolls out online management for new ‘TRUMP accounts’ for kids
By Erick George
Published on May 30, 2026.
The US Department of Finance has implemented a new system to manage 'Trump' accounts, a type of tax-advantaged retirement account that parents or guardians can open for their children. The accounts, which launch in 2026, can be opened if a child has not reached age 18 and has a valid Social Security number. The IRS has also introduced a one-time $1,000 pilot contribution from the U.S. Treasury for children born between 2025 and 2028. The move reflects the agency's focus on becoming a digital-first agency.
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