Starting in 2026, children can qualify for either a $1,000 or a $250 contribution to their so-called Trump accounts, established by the One Big Beautiful Bill Act.
On Tuesday, Michael and Susan Dell pledged $6.25 billion to finance the “Trump accounts” for 25 million children under the age of 10. With the Dells’ donation, $250 will be available for each qualifying “Trump account” next year.
As Tuesday’s donation throws the Trump accounts back into the spotlight, here’s who qualifies for which accounts.
Per the One Big Beautiful Bill Act, any child under the age of 18 with a Social Security number can open a Trump account, investing in eligible mutual funds or exchange-traded funds to save for their future.
Families can open “Trump accounts” in 2026 and begin investing in the accounts on July 4, 2026, one year from the passage of the One Big Beautiful Bill Act. The beneficiaries can only withdraw the funds after they reach the age of 18.
However, the only children eligible for the $1,000 boost from the Trump administration are those U.S. citizens born after Dec. 31, 2024, and before Jan. 1, 2029. The $1,000 contribution laid out in the One Big Beautiful Bill Act is set to be paid by the treasury secretary and will come as a “pilot program.” The $1,000 grants do not have any income restrictions.
The federal one-time $1,000 grant does not count toward the accounts’ $5,000 yearly contribution limit.
The $250 grant deposits from the Dell contribution are for children who do not qualify for the $1,000 automatic federal grant. The Dells announced on Tuesday that their donation would help 25 million additional children, starting with those under the age of 10 born before Jan. 1, 2025. They are also reserved only for children who reside in ZIP code areas with a median income of $150,000 or less, according to the White House.
“These deposits will reach the accounts of most children ages 10 and under who were born prior to the qualifying date for the federal newborn contribution. Children older than 10 may benefit, too, if funds remain available after initial sign-ups. It is an incredibly practical and direct step to help families begin saving today,” the Dells wrote in a statement Tuesday.
TRUMP CHAMPIONS $1,000 ‘TRUMP ACCOUNTS’ FOR CHILDREN DURING ROUNDTABLE WITH CEOS
In accordance with the One Big Beautiful Bill Act, Trump accounts can only invest in “broad U.S. equity index funds that track the overall U.S. stock market (e.g., S&P 500), do not use leverage, and charge no more than 0.10% in annual fees,” the White House said.
According to a White House article, if beneficiaries max out their accounts and leave them untouched, they “could grow to as much as $1.9 million by age 28.”
