Trump Set to Reveal New Insights on ‘Trump Accounts’ Savings Initiative
U.S. Social Security Administration Commissioner Frank Bisignano joins ‘Mornings with Maria’ to outline how the Trump administration’s tax agenda could deliver record refunds, expand benefits for seniors, and improve government services.
President Donald Trump is expected to unveil more details this week regarding the much-anticipated “Trump accounts.” This initiative aims to establish government-funded investment programs for newborns, providing a financial foundation from the very start of life.
On Wednesday, Trump will headline an event at the Department of Treasury, joined by senior administration officials and key stakeholders to discuss this groundbreaking initiative.
‘TRUMP ACCOUNTS,’ EXPLAINED: WHO QUALIFIES, HOW THEY WORK AND WHEN YOU CAN CLAIM
A screenshot of the Trump Account’s homepage. (White House)
Embedded within the One Big Beautiful Bill Act, these accounts function similarly to traditional long-term investment vehicles, but with specific rules designed to safeguard young savers.
These accounts are exclusively available to individuals under 18 and are funded through federal seed money, private contributions from families, and, when applicable, supplemental deposits from employers or nonprofit organizations.
A Trump account can be established for any child under 18 who possesses a valid Social Security number. An authorized adult, typically a parent, guardian, adult sibling, or grandparent, must initiate the account.
MICHAEL AND SUSAN DELL DONATE $6.25B TO FUND ‘TRUMP ACCOUNTS’
The program is slated to launch in mid-2026, with initial contributions expected after July 4. Parents of children born between 2025 and 2028 can open an account by completing IRS Form 4547, which is yet to be released, or by enrolling via the online portal at TrumpAccounts.gov.
Treasury will make a one-time $1,000 deposit into every eligible child’s Trump account. (Getty Images / Getty Images)
Upon receiving the application, the Department of the Treasury will initiate the account activation process. Each eligible child’s Trump account will receive a one-time $1,000 deposit from the Treasury.
Additionally, individuals can contribute up to $5,000 annually to the account. Funds from another Trump account can also be rolled over, allowing money already held in one account to be transferred to another without counting against the annual contribution limit. Employers participating in the Trump account program may contribute up to $2,500 each year.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Michael Dell, CEO of Dell Technologies, and his wife Susan speak during an announcement of a $6.25 billion donation from the Dell family to “Trump Accounts,” in the Roosevelt Room of the White House in Washington, DC on December 2, 2025. (Andrew Caballero-Reynolds/ AFP/Getty Images / Getty Images)
However, the operational rules governing these accounts are still being formulated, and many crucial details remain unresolved. Currently, the IRS has only provided preliminary guidance and is actively seeking public input. This formal process allows parents, financial experts, companies, and advocacy groups to contribute their insights before the regulations are finalized.
The comment period is open until February 20, 2026, indicating that many aspects of the program are still subject to change.
U.S. Social Security Administration Commissioner Frank Bisignano joins ‘Mornings with Maria’ to outline how the Trump administration’s tax agenda could deliver record refunds, expand benefits for seniors, and improve government services.
President Donald Trump is expected to unveil more details this week regarding the much-anticipated “Trump accounts.” This initiative aims to establish government-funded investment programs for newborns, providing a financial foundation from the very start of life.
On Wednesday, Trump will headline an event at the Department of Treasury, joined by senior administration officials and key stakeholders to discuss this groundbreaking initiative.
‘TRUMP ACCOUNTS,’ EXPLAINED: WHO QUALIFIES, HOW THEY WORK AND WHEN YOU CAN CLAIM
A screenshot of the Trump Account’s homepage. (White House)
Embedded within the One Big Beautiful Bill Act, these accounts function similarly to traditional long-term investment vehicles, but with specific rules designed to safeguard young savers.
These accounts are exclusively available to individuals under 18 and are funded through federal seed money, private contributions from families, and, when applicable, supplemental deposits from employers or nonprofit organizations.
A Trump account can be established for any child under 18 who possesses a valid Social Security number. An authorized adult, typically a parent, guardian, adult sibling, or grandparent, must initiate the account.
MICHAEL AND SUSAN DELL DONATE $6.25B TO FUND ‘TRUMP ACCOUNTS’
The program is slated to launch in mid-2026, with initial contributions expected after July 4. Parents of children born between 2025 and 2028 can open an account by completing IRS Form 4547, which is yet to be released, or by enrolling via the online portal at TrumpAccounts.gov.
Treasury will make a one-time $1,000 deposit into every eligible child’s Trump account. (Getty Images / Getty Images)
Upon receiving the application, the Department of the Treasury will initiate the account activation process. Each eligible child’s Trump account will receive a one-time $1,000 deposit from the Treasury.
Additionally, individuals can contribute up to $5,000 annually to the account. Funds from another Trump account can also be rolled over, allowing money already held in one account to be transferred to another without counting against the annual contribution limit. Employers participating in the Trump account program may contribute up to $2,500 each year.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Michael Dell, CEO of Dell Technologies, and his wife Susan speak during an announcement of a $6.25 billion donation from the Dell family to “Trump Accounts,” in the Roosevelt Room of the White House in Washington, DC on December 2, 2025. (Andrew Caballero-Reynolds/ AFP/Getty Images / Getty Images)
However, the operational rules governing these accounts are still being formulated, and many crucial details remain unresolved. Currently, the IRS has only provided preliminary guidance and is actively seeking public input. This formal process allows parents, financial experts, companies, and advocacy groups to contribute their insights before the regulations are finalized.
The comment period is open until February 20, 2026, indicating that many aspects of the program are still subject to change.
