Trump account

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A Trump account, also known as a 530A account, is a stock market index investment account in the United States established for a U.S. citizen child. Trump accounts were initially authorized in law by the 2025 One Big Beautiful Bill Act (OBBBA) and became available in July 2026. Certain aspects of how Trump accounts function remain unclear, but the Internal Revenue Service (IRS) released a notice of its planned regulations in December 2025. The IRS describes a Trump account as a type of individual retirement account (IRA). Before January 1 of the calendar year in which the child will reach 18 years old, the funds in the account cannot be withdrawn, and after that, the account will be treated the same as a traditional IRA. Trump accounts generally have more restrictions and fewer tax benefits than some other investment accounts such as 529 accounts, traditional and Roth individual retirement accounts, health savings accounts, 401(k) accounts, and 403(b) accounts. However, the U.S. government...

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