In this episode, Ed and Dan break down the new “Trump Accounts” created under the One Big Beautiful Bill Act of 2025 (OBBBA), expected to launch July 4, 2026. These accounts are structured as traditional IRAs for children under age 18 and are designed to help families begin early investing for a child’s future. The episode focuses on IRS proposed regulations, including who can open these accounts, the one-account-per-child rule, and special limitations affecting grandparents who want to contribute or establish accounts on behalf of grandchildren.
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FedLife Podcast | Ep. 170: Trump Accounts — IRS Rules, Eligibility, and Grandparent Contributions
Join us as Dan and Ed unpack the new Trump Account rules and what families need to know before the program launches in 2026.
In this episode, you’ll learn:
- What Trump Accounts are and how they function as traditional IRAs for children
- When Trump Accounts are expected to begin (July 4, 2026)
- The purpose of the $1,000 federal “seed” contribution
- Who is allowed to open a Trump Account (parent, legal guardian, or authorized individual)
- The one-account-per-child restriction
- Special rules for grandparents depending on the child’s birth year
- When grandparents may be allowed to claim the $1,000 federal contribution
- Restrictions for grandchildren born before January 1, 2025
- What “availability” means under IRS proposed regulations
- Required certifications under penalty of perjury on IRS Form 4547
- Potential risks and uncertainties while awaiting final IRS guidance
Source Article: https://stwserve.com/irs-issues-proposed-regulations-on-who-can-establish-a-trump-account/
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