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Trump Accounts: Everything New Parents Need to Know

A new savings program called “Trump Accounts” is launching July 4, 2026, to help families start investing for children early. Eligible children may receive a $1,000 government contribution to get started.

What Is a Trump Account?

A Trump Account is a tax-advantaged investment account for children under 18. A parent or guardian manages it until the child becomes an adult, with the goal of building long-term savings through investing.

Who Qualifies?

Children may qualify for the $1,000 contribution if they:

  • Were born between January 1, 2025 and December 31, 2028
  • Are U.S. citizens
  • Have a valid Social Security number

Contributions & Investing

  • Families and others can contribute up to $5,000 per year per child
  • Funds are invested in diversified stock market index funds for long-term growth
  • Investment returns are not guaranteed

Access to Funds

The child gains access at age 18, with funds expected to be used for major life expenses such as education or housing, depending on final rules.

Enrollment

Enrollment is expected through the official website or IRS Form 4547.

Trump Accounts Enrollment

What Should Families Do Now?

While details are still being finalized:

  • Stay informed at Trump Accounts
  • Avoid making changes to 529 or other savings plans until rules are confirmed
  • Revisit your overall savings strategy in light of new options

Talk to a CPA Before Making Changes

Details like tax treatment, eligibility, and coordination with 529 plans are still developing. Before making any adjustments, speak with a CPA to understand how Trump Accounts may fit into your family’s financial plan.

Have questions? Contact our office — we’re here to help.

 

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CHRISTINA IMPERIOLI

Supervisor, CPA

Christina Imperioli is a Supervisor at Accavallo & Company, LLC, where she specializes in the preparation and review of individual and business tax returns across a variety of industries. With a focus on accuracy, client service, and technical expertise, she plays a key role in helping clients navigate complex tax matters.

She began her career as a Staff Accountant at The Innovative CPA Group, quickly rising through the ranks to Senior Accountant and ultimately Supervisor, demonstrating a strong commitment to professional growth and leadership.

Christina is a Certified Public Accountant and an active member of both the Connecticut Society of CPAs (CTCPA) and the American Institute of Certified Public Accountants (AICPA). She holds a Bachelor of Business Administration in Financial Accounting from Western Connecticut State University.

Throughout her career, she has worked with clients in the real estate, construction, and retail sectors, bringing valuable insight and industry-specific knowledge to every engagement.

Outside of work, she enjoys traveling with her husband and son, spending time with her three dogs—two rescues named Cole and Indigo, and a Brussels Griffon named Louie—and exploring local bookstores. Christina is a passionate reader and podcast enthusiast, she often listens to new episodes during her daily commute.

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Sherri Fisher is a Tax Manager at Accavallo & Company, LLC.  Sherri has longstanding expertise in Trust and Estate Taxation, Eldercare, and Estate planning. Sherri appreciates the relationships she has built with estate planning attorneys and advisors, to provide a team approach to assisting her clients. Sherri also has seasoned experience in business and individual taxation and is partial to assisting start-ups in developing overall accounting and operating plans.

Prior to joining Accavallo & Company, LLC, Sherri was a manager in a large firm, servicing high net worth trust clients, business, and personal clients. She was also a Partner in a large bookkeeping firm, which specialized in cloud accounting systems for regional and national companies. Sherri led a team in assisting clients to organize their accounting systems.  She is a graduate of Florida Atlantic University with a B.S. degree in Accounting.    

Sherri’s experience includes working with companies and organizations in a variety of industries including:

  • Investment Trusts

  • DAPT and Family Investment Partnerships

  • Estate and Probate Administration

  • E-Commerce

  • Manufacturing

  • Construction

  • Real Estate Investment

  • Marketing and Service-based industries

In addition to her professional accomplishments, Sherri is an Intuit Advanced Pro Advisor, Intuit Future Firm Advisory Board member, member of the Valley WIN Network, and proudly served as past Connecticut Public School liaison for the Yale Tommy Fund for Childhood Cancer. Sherri enjoys time with her family, Cleveland sports, thrifting and gardening.