Yes. Trump Accounts are not a proposal or a rumor. The law creating them has been signed.
The One Big Beautiful Bill Act was passed by Congress and signed by President Trump in 2025. It's federal law. Invest America Accounts (the official name for Trump Accounts) exist because of that legislation.
What Exactly Was Signed?
The One Big Beautiful Bill Act is a broad piece of legislation covering tax policy, economic programs, and spending. The Invest America program is one component of it. It created:
- A federal investment account available to every U.S. child under 18 with a Social Security Number
- A $1,000 government seed contribution for children born between January 1, 2025 and December 31, 2028
- A $5,000 annual contribution limit from all sources
- Tax-deferred growth invested in low-cost S&P 500 index funds
- Account conversion to a traditional IRA at age 18
You can read more about how Trump Accounts work and what your child could receive over time.
When Does It Take Effect?
The law is in effect, and accounts are open. The official Trump Accounts app is available to download at trumpaccounts.gov.
There's one important action for families: make the Form 4547 election to claim the $1,000 government seed, if your child was born between 2025 and 2028. Fastest: your IRS Online Account, about 5-10 minutes.
Can Laws Like This Be Reversed?
Yes, technically any law can be modified or repealed by a future Congress. That's true of any legislation. But the program is now federal law, administered by the U.S. Treasury, and children who open accounts are entitled to those accounts under current law.
Is There a Deadline?
No near-term one. The IRS says the election can be filed at any time, including with a tax return. The only real cutoff is December 31 of the calendar year your child turns 17.
You can start the election at any time, and once it's processed you'll activate the account in the official Trump Accounts app at trumpaccounts.gov. The sooner you do it, the sooner the seed starts growing.
For a step-by-step walkthrough, see our guide to opening a Trump Account.
Find out in 30 seconds if your child qualifies at investamericaquiz.com.
Still have questions? Here's everything people are asking about Trump Accounts.
This post is for educational purposes only and is not tax, legal, or investment advice. Grifin is not affiliated with the U.S. government or the Invest America program.
