530A

Help Build a Future They Can Count On…

A new federal savings option is becoming available to help families build long term financial security for children. Created through the One Big Beautiful Bill Act of 2025, these new Section 530A child investment accounts (sometimes referred to as “Trump Accounts”) are designed to give children an early financial foundation for the future.

Beginning in 2026, families can open a tax deferred investment account for any child under age 18 with a Social Security number. Earnings grow over time without annual taxes, allowing savings to compound as children grow. Parents or guardians manage the account until the child turns 18, when it transitions into a traditional retirement account structure. Unlike some other savings tools, children do not need earned income to qualify.

Children born between 2025 and 2028 may also qualify for a one time $1,000 federal starter contribution, giving families an immediate head start on long term savings. Families, relatives, employers, and others can contribute up to $5,000 per year to support a child’s future goals.

Accounts are expected to become fully active in July 2026, with registration beginning during the 2026 tax season through the official federal portal. Programs like these are intended to help families start building financial stability earlier in a child’s life and encourage long term planning for education, homeownership, entrepreneurship, or retirement.

Families interested in learning more can visit the official federal registration website for details about eligibility and enrollment at https://www.trumpaccounts.gov/

The Mississippi Early Childhood Development Coalition (ECDC), for which Mississippi Families for Kids provides backbone support, is grateful to Jeffrey Capizzano, the president of the Policy Equity Group, for speaking with us about these accounts at our April full coalition meeting. You can watch his presentation on the ECDC’s YouTube channel.