Trump Accounts & IRS Initial Guidance Notice

On December 3, 2025, the IRS issued initial guidance on Trump Accounts: a new retirement savings program for children created under the One Big Beautiful Bill Act (OBBBA). Contributions begin July 4, 2026. Children born between 2025 and 2028 will automatically receive a $1,000 federal pilot deposit when an account is opened. While beneficiaries are under 18, Trump Accounts follow special rules for contributions, investments, and withdrawals. After age 18, they generally operate like traditional IRAs but retain unique tax reporting and rollover features.