Overview
- Federal officials say the Treasury will automatically generate low-fee child accounts, with roughly 60 million expected to be created in 2026.
- Children born from 2025 through 2028 qualify for a one-time $1,000 government deposit, while the Dells’ $6.25 billion pledge funds $250 grants for many kids 10 and under in ZIP codes with median incomes of $150,000 or less.
- Families can elect accounts now via IRS Form 4547 and, starting mid-2026, through trumpaccounts.gov; balances will initially sit with a Treasury-designated financial agent and can be transferred later.
- Accounts accept up to $5,000 in annual after-tax contributions including up to $2,500 from employers, invest only in broad U.S. equity index funds with fees capped near 0.1%, and generally can’t be tapped before age 18.
- NEC Director Kevin Hassett says wealthy Americans are contacting the White House to fund more grants since the Dell announcement, and Treasury estimates a $1,000 deposit could grow to roughly $3,000–$13,800 by age 18 without additional contributions.