530A "Trump Account" Information and Request Form

What Is a 530A Account?

A 530A Account is a tax-favored investment account designed for children under age 18. The account is managed by a parent or legal guardian until the child reaches adulthood.

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Who Is Eligible?

• Children under age 18 as of the end of the year the account is established

• The child must have a valid Social Security number

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Contribution Limits

• Annual contribution limit: Up to $5,000 per year from all private sources (parents, relatives, friends, or employers)

• Employer contributions: Employers may contribute up to $2,500 per year to an employee’s child or dependent’s account. This amount counts toward the $5,000 annual limit.

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Federal Government Seed Contribution

• The federal government will contribute $1,000 to eligible accounts for children born between 2025 and 2028

• This $1,000 contribution does not count toward the $5,000 annual limit

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When Do 530A Accounts Begin?

• Deposits (including the $1,000 government seed) can begin after July 4, 2026

• You may elect to establish the account now by filing Form 4547 with your 2025 tax return; however, funding and usage cannot begin until July 2026

• For those electing via Form 4547, the IRS/Treasury will send activation instructions beginning in May 2026

• An online portal is expected to launch in mid-2026 to facilitate account elections

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Investment Rules & Access to Funds

• Funds must be invested in U.S. equity index mutual funds or ETFs

• No withdrawals are permitted until the child turns 18

• At age 18, the account converts to a traditional IRA

 

Who Can Open the Account?

The account may be opened by a legal guardian or parent, followed by adult siblings or grandparents (in that order of priority) by completing Form 4547 with your tax return.

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How 530A Accounts May Fit into Your Strategy

• Tax-deferred growth over 18 years provides meaningful compounding potential

• The $1,000 federal seed contribution offers an immediate long-term growth opportunity

• Conversion to a traditional IRA at age 18 helps establish an early retirement savings foundation

 

If you believe you and your family qualify and would like to take advantage of this opportunity, please complete the below form or call us at 303-688-2751.

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