A Trump Account is a tax-advantaged individual retirement account (IRA), also known as a 530A account, established for U.S. citizen children under 18 as part of the Working Families Tax Cuts or One Big Beautiful Bill Act, designed to invest in unleveraged mutual funds or ETFs tracking U.S. equity indices to promote long-term savings and financial literacy.

This government-backed savings vehicle provides an initial $1,000 seed investment for eligible newborns and children, which grows tax-deferred until the beneficiary reaches age 18, at which point it fully vests to them.