How do I open a ‘Trump account’? The IRS has one simple solution for you.

Core Insights - The "Trump accounts" are set to launch in 2025, aimed at providing U.S. youth with a financial foundation through tax-advantaged investment accounts [3][7][8] Group 1: Account Setup and Contributions - Parents and guardians can begin setting up "Trump accounts" when filing their 2025 income tax returns, with contributions starting on July 5, 2025 [4][5] - The accounts are available to any U.S. citizen under 18 with a Social Security number, and families can claim $1,000 in seed money for newborns from 2025 to 2028 [3][4] Group 2: Tax Preparation and Efficiency - Major tax preparers like H&R Block and Intuit's TurboTax will facilitate the sign-up process for these accounts during the 2025 tax return filing [5] - Signing up through tax returns is considered more efficient than waiting for the online portal, which may involve additional verification steps [5] Group 3: Investment Strategy and Goals - The accounts are designed to expose children to the stock market through low-cost index funds, functioning similarly to a traditional, tax-deferred IRA managed by a parent or guardian until the child turns 18 [7] - This initiative aligns with a growing trend of teens seeking to build wealth through stock market investments [7]