The U.S. Treasury Department began distributing $1,000 federal deposits into newly opened Trump Accounts over the July Fourth weekend. The tax-advantaged savings program targets eligible American children and continues through the summer.

Created under the tax and spending package signed by President Donald Trump in 2025, the program provides an initial government contribution to any child who is a U.S. citizen with a Social Security number and born within the eligibility window. Parents and employers may add further deposits up to annual limits.

Accounts will be invested in low-cost funds tracking U.S. stock indexes, with balances growing tax-deferred until the child reaches adulthood, according to Treasury guidance. The administration framed the initiative as a way to build long-term wealth and encourage saving among working families.

Democratic members of the House Ways and Means Committee questioned whether the program's benefits would reach lower-income families as effectively as wealthier households able to make additional contributions. Program supporters contended that every eligible newborn receives the same federal seed regardless of family income.

The Internal Revenue Service and Treasury published enrollment guidance for parents, with additional details expected as the rollout proceeds.