Trump Accounts App Makes Investing in Your Children’s Future More Accessible

WASHINGTON, D.C.—The U.S. Department of the Treasury today launched an application that allows parents to manage "Trump Accounts" for their children from their phones. More than 6 million children have already been registered for these accounts.

"Trump Accounts are a huge win for American families by providing them with a simple way to save and invest for their children's future," said Mike Faulkender, co-chair for American Prosperity at the America First Policy Institute. "I commend Treasury Secretary Bessent for his leadership in renewing our nation's commitment to the success and prosperity of future generations of Americans."

Trump Accounts are new custodial investment accounts created by the Working Families Tax Cuts Act, allowing families to benefit from tax-deferred growth on investments for their children's future. Parents of children under 18 can open a Trump Account now, and beginning July 4, 2026, they may begin funding and investing in these accounts, contributing up to a combined $5,000 a year. American children born from 2025 to 2028 are eligible for a pilot program and will receive a $1,000 initial investment from the U.S. Department of the Treasury on July 4, 2026.

This application will make it easy for parents to monitor the growth of their children's Trump Accounts. It will also include financial literacy tutorials for parents new to investing. Trump Accounts will help give the next generation of Americans a head start on pursuing their American Dream.

To read more about AFPI’s work on the tax policies and benefits created by the Working Families Tax Cuts, click here.

To learn more about Trump Accounts, visit their website.