Next year, children and infants who qualify will have access to largely unrestricted “Trump accounts.”

But questions linger about the accounts for the general public. Here’s what you should know:

What are “Trump accounts?”

“Trump accounts” were part of the One Big Beautiful Bill Act that was signed on July 4, and are meant to give children a savings fund that they can access when they turn 18.

Accounts must be opened by a parent or guardian and will be managed by private banks and brokerages. They will be invested in the stock market, according to the IRS , and will be treated similarly to Individual Retirement Accounts (IRAs) .

The first contribution to the accounts can’t be made until after July 4, 2026. Parents and guardians can complete a Form 4547 through the IRS, eith

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