When do you get your $1,000 'Trump Account'? Answers here.

Core Insights - The "Trump Accounts" initiative aims to provide $1,000 in savings accounts for every child born between 2025 and 2028, effectively functioning as an IRA for children, and has gained significant visibility following a Super Bowl advertisement [1] Group 1: Launch and Eligibility - Trump Accounts will officially launch on July 5, 2026, with no contributions allowed before this date [5] - All U.S. citizens born between 2025 and 2028 are eligible for Trump Accounts, requiring a Social Security number; children born before 2025 who are under 18 also qualify but will not receive the $1,000 seed money [12] Group 2: Account Setup Process - Parents or legal guardians can open a Trump Account by filing IRS Form 4547 online at trumpaccounts.gov or with their 2025 tax return [6] - After submission, the IRS will establish the account, and account holders will be contacted by the partner financial firm for further setup instructions starting in May [7] Group 3: Account Ownership and Funding - The Trump Account is owned by the child but administered by an adult until the child turns 18 [10] - The initial $1,000 will be deposited into the Trump Account after July 4, 2026, as soon as the account is authenticated [9]