Trump Accounts are new IRA-style savings accounts for children, introduced by the US government to promote early wealth building. These accounts are tax-deferred and require contributions, with a one-time federal seed deposit of $1,000 for children born between 2025 and 2028. Eligible children must be under 18, US citizens, and have a Social Security number, with only one account allowed per child. Parents or guardians can open accounts by submitting IRS Form 4547, either electronically via TrumpAccounts.gov or with their 2025 tax return, with account activation expected from May 2026. The federal government plans to deposit the $1,000 seed money starting July 4, 2026, and contributions from family, friends, employers, and philanthropists are allowed, with a combined annual limit of $5,000 per account. Investments must be in low-cost US stock index funds, and the money cannot be accessed until the child turns 18. Withdrawals before age 18 are taxed as income and may incur a 10% penalty unless used for qualified expenses like education or a home down payment. The accounts aim to provide a significant financial boost over time, potentially growing to hundreds of thousands of dollars, depending on contributions and market performance. Critics note that the accounts may mainly benefit families with existing financial means, as lower-income families may lack the means to contribute. The accounts are promoted through a Super Bowl ad and online sign-up options, with full implementation expected by July 4, 2026.