Trump Accounts

Want a financial win for your children?

A Trump Account is what I consider a “Children’s Jumpstart Account.”  This long-term investment program was created to encourage early saving for minors. This government pilot program will provide $1,000 to young children, those born between January 1, 2025, and December 31, 2028. They must have a valid Social Security number and be U.S. citizens. The Treasury Department will create and administer the initial accounts, slated to be available July 5, 2026. Families can then roll over the account to any financial provider with a Trump Account product.

Form 4547 must be filed through the IRS, or online at trumpaccounts.gov. Two children can be elected on one form. You can file with your 2025 tax return. Individuals, employers, and charities may contribute up to $5,000 in total. The initial $1,000 seed money does not count toward the annual limit. Accurate records of contribution sources must be kept for future distribution tax purposes and rollover reporting. Watch for new details or changes that may occur before July 5th. Kiplinger reports that $1,000 compounded at the S&P 500’s average 10% return would be worth over $490,000 by the time a child reaches retirement age. Imagine! That’s a win for your child!

I want to personally invite you to join us in Knoxville, Tennessee, this September 10th through the 13th. We’ll celebrate all that God has done through Crown over the last 50 years. Learn more at crown.org/50years.