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What are Trump Accounts?

Trump Accounts were created under the One Big Beautiful Bill Act (passed July 3, 2025) to encourage individuals to begin saving at a young age. These accounts are structured on the Traditional IRA framework but are subject to special rules governing contributions, investments, and distributions during the “growth period”—the period ending on January 1 of the calendar year in which the account beneficiary turns age 18.

Trump Accounts are established and administered by the U.S. Treasury (or its designated partners) for the exclusive benefit of eligible individuals. Each account must be formally designated as a Trump Account at the time it is created. Unlike IRAs, these accounts cannot initially be opened through an individual’s preferred financial institution; they must first be set up with the Treasury Department. No contributions may be made before July 4, 2026.

During the growth period, all funds in a Trump Account must be invested in an “eligible investment,” defined as a mutual fund or exchange‑traded fund (ETF) that tracks the S&P 500 or another index composed primarily of American equities. Financial institutions that do not offer these types of investments will likely be unable to offer or hold Trump Accounts during the growth period.

Additional regulations providing further guidance are forthcoming, and the foundational rules for Trump Accounts can be found in IRC Sec. 530A.

There are still several issues for which the industry needs additional guidance, and the IRS is currently seeking comments to help address these outstanding questions related to Trump Accounts. The deadline for submitting written comments is February 20, 2026. After reviewing the comments received, the IRS will issue further guidance as needed.  

Superior is monitoring developments closely and will provide updates when substantive information becomes available. 

Additional Resources:

  • Official Trump Account Website (Can sign up to receive email updates)
  • IRS Notice 2025-68 – Released December 2, 2025, this notice provides an overview of Trump Accounts and announces upcoming regulations regarding Trump Accounts.
  • IRS Form 4547 – Trump Account Elections – This form is used by a parent or guardian to establish a Trump Account for an eligible child.
  • Instructions for Form 4547 – Specific instructions for IRS Form 4547