By Leada Gore
al.com
(TNS)
Your child’s Trump Account—already in place for 60 million U.S. children—may get a $250 jumpstart. And there’s an easy way to check.
Trump Accounts are special tax-advantaged investment accounts set up for U.S. children under age 18 with Social Security numbers. Some of these accounts were started with a $1,000 boost from the federal government.
Babies born between Jan. 1, 2025 and Dec. 31, 2028 are eligible for $1,000 in federal seed money, regardless of family income.
But there’s another $250 deposit that’s available to older children.
Dell Technologies CEO Michael Dell and his wife, Susan Dell, pledged $6.25 billion to fund deposits for 25 million children. Deposits for eligible children arrived in accounts by Friday, Oct. 9, according to InvestAmerica.org, the non-profit organization handling the funds.
The $250 Dell donation is different than the federal seed money. It will go to children born between 2016 and 2024 who live in a ZIP code where the median family income is $117,300 or less. Also, all children within the age range living on U.S. military bases qualify regardless of the local ZIP code’s median income.
You can check your ZIP code to see if your child qualifies:
Recommended Articles
More on Trump Accounts
- What do parents have to do now? While the accounts have been established, parents and guardians have to claim the account on the Trump Account App. You can see more on enrolling here.
- How to claim the $1,000 federal contribution? The government does not automatically deposit the $1,000 seed money—parents or guardians must claim their child’s account first. Parents or guardians will still have to request the money and claim their child’s account before they can make a deposit. You can see more on doing that here.
- Can parents and others contribute to the account? Parents and others can contribute up to $5,000 per year into the accounts, which invest in a portfolio of low-cost index funds. If fully funded and left untouched, the White House projects it could grow to as much as $1.9 million by age 28.
- What can the money be used for? Funds used for qualified expenses—such as pursuing education, buying a home or starting a business—can be accessed without penalty at age 18, though withdrawals are taxed at ordinary income rates and may be subject to additional restrictions. Parents are custodians of the accounts until the child turns 18.
Photo caption: Susan Dell speaks as her husband, Dell Technologies CEO Michael Dell (left), and President Donald Trump look on at the White House on Dec. 2, 2025. (YouTube/The White House)
_______
©2026 Advance Local Media LLC. Visit al.com. Distributed by Tribune Content Agency LLC.
Sign in to get access to this free resource, and all of our whitepapers and reports.
Download this content today!
Register Now Already registered? Click here to Log In
