Trump Account contribution limits and rules
Limits during the "growth period" (IRS: Instructions for Form 4547)
| Contribution type | Annual limit |
|---|---|
| Family, friends, the child, anyone else | Combined $5,000 per year (with employer money) |
| Employer (section 128) | $2,500 within the $5,000 |
| $1,000 federal pilot | Not limited |
| Qualified general contributions (states, tribes, 501(c)(3) charities, etc.) | Not limited |
| Rollovers from a prior Trump Account | Not limited |
Limits are subject to cost-of-living adjustments after 2027. No contributions could be made before July 4, 2026 (IRS: Instructions for Form 4547).
Key rules (IRS: Instructions for Form 4547)
- The child does not need earned income.
- No tax deduction for contributions (no section 219 deduction).
- Contributions from family and others create basis; pilot, general and employer contributions do not.
- The growth period ends Dec 31 of the year before the child turns 18. During it, money generally can't be withdrawn (except rollovers and a qualified ABLE rollover at 17).
- After that, most traditional IRA rules apply, including a possible 10% early-distribution tax unless an exception applies.
Not tax advice. Talk to a tax professional about your situation.
Sources
More guides
- The Dell $250 Trump Account deposit: who got it
- Form 4547 explained: how to fill it out, part by part
- The $1,000 Trump Account pilot deposit: who gets it and how to elect it
- Trump Account FAQ: quick answers
- Trump Account investment options: what the money can be invested in
- Trump Account scams: fake texts and how to spot them
- Trump Account errors: 'unable to process', CP318 and name/SSN mismatches
- What is a Trump Account? Eligibility explained
- Who can claim a Trump Account: parent, guardian, sibling or grandparent?