Open Your Trump Account

A Winning Difference for the Next Generation

The establishment of a Trump Savings Account gives a child a head start toward financial independence with a government-funded investment account designed for long-term growth.

If a child is born between January 1st, 2025 and December 31, 2028, they will receive a one-time $1,000 taxpayer contribution thanks to The Big Beautiful Bill. A special thank you to our Republican Congressman Mark Harris and Addison McDowell and Senators Ted Budd and Thom Tillis for voting for this landmark legislation. 

 

All children living in Cabarrus County under age 10 (born 2016 or later) also qualify for the $250 Dell Foundation contribution into Trump Savings Accounts, in addition to any federal Trump Account deposit they may be eligible to receive.

  • Invest in the next generation.
  • Encourage lifelong saving.
  • Build a stronger future.

Parents or legal guardians must create an account for their child and submit IRS Form 4547 to receive any of these funds. All contributions to the accounts are after-tax. You cannot use pre‑tax funds to contribute. You can open the account with no personal contribution at all, and eligible children will receive the grant funds. Remember, if parents or legal guardians fail to open the account, the child cannot receive the funds, even if the child is eligible. Consult your tax advisor for details and visit the website to complete the required forms.

All personal contributions are made after‑tax, while the $1,000 federal and $250 Dell deposits are free money added on top. All contributions are invested in a low‑cost S&P 500 index ETF by default, or you can select broad‑market index fund options from iShares and Vanguard. Family, friends, and employers can contribute up to $5,000 annually. At age 18, this account becomes their IRA.

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