Trump Accounts: What You Need to Know
A new savings program for kids is launching in July 2026. Here's what we know so far—and how Starlight can help you navigate it.
Trump Accounts—officially called 530A accounts—launch July 4, 2026. These tax-advantaged IRAs for children represent a new way for families to build long-term savings. Starlight is monitoring developments, building support into our platform, and preparing to help credit union members navigate eligibility and enrollment when accounts open this summer.
While this story is still developing, this is what we know so far:
Who qualifies
- Children born 2025-2028: The federal program provides a $1,000 government contribution deposited by the U.S. Treasury. No income restrictions apply.
- Children 10 and under (born before 2025): A private donation from Michael and Susan Dell provides $250 for families living in zip codes where median household income is $150,000 or less.
Children qualify for either the government contribution or the Dell donation—not both. Starlight will help members determine which program children are eligible for based on birth date and zip code.
How to enroll
Starting summer 2026, parents can open 530A Accounts at InvestAmerica.org. The platform verifies eligibility and deposits either the $1,000 government contribution or the $250 Dell donation based on your child's birth date and zip code. Parents can also submit IRS Form 4547 with their 2025 tax return to initiate the process earlier.
How the accounts work
- Contributions: After the initial seed money, parents, grandparents, employers, and charitable organizations can contribute up to $5,000 annually. No earned income required. Employer and charitable contributions don't count toward this limit.
- Investment: Funds must be invested in eligible low-cost stock index mutual funds or ETFs focused on U.S.-based companies, as determined by the U.S. Treasury.
- Taxes: Individual contributions are after-tax (only earnings taxed on withdrawal). Employer, government, and charitable contributions are pre-tax (full amount taxed on withdrawal). All growth is tax-deferred.
- Withdrawals: No withdrawals until age 18. After conversion to an IRA, standard IRA rules apply—including potential 10% penalty for early withdrawals before age 59½.
Key dates
- Now: Parents can submit IRS Form 4547 or include it with 2025 tax returns
- Summer 2026: Online portal launches at InvestAmerica.org
- July 4, 2026: Accounts officially open and first contributions allowed
How Starlight helps
When 530A Accounts launch in July, Starlight will help credit union members quickly determine eligibility and connect to the enrollment process. Because eligibility depends on factors like birth date and zip code, we're building tools to streamline the qualification and sign-up experience for members.
Watch out for scams
Funds aren't available until July 2026. If anyone contacts you now requesting your child's Social Security number or a "processing fee," it's a scam. Only use official channels: InvestAmerica.org or IRS Form 4547.
For official information: InvestAmerica.org and trumpaccounts.gov
Published January 20, 2026