The Trump Savings Account is limited to children born between 1/1/25 and 12/31/28 to maximize the political brand advertising.
Contributions cannot begin until July 4, 2026. Annual contributions must be made by 12 /31 of each year.
Contributions by parent, guardians, and other individuals are not tax deductible and create a non-taxable basis when withdrawn. Contributions by employers, federal government, or charitable gifts are create a taxable basis when withdrawn. Investment earnings are taxable when withdrawn. There are annual limits.
At age 18 it becomes an IRA with mixed basis assets.
The accounts must follow typical IRA format and investments are limited to mutual funds and etfs tracking a qualified index with a fee no larger than 0.1% of total assets.
For a concise explanation of the ten things you should know about Trump Savings Accounts, here is a Morningstar article.
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