The One Big Beautiful Bill Act of 2025 created Trump Accounts under new Sec. 530A—custodial IRAs for children who have not reached age 18 with specific tax rules, contribution limits, and withdrawal options. Proposed regulations (REG-117002-25) address the Trump Accounts Contribution Pilot Program, which is the mechanism for making the one-time $1,000 pilot program contribution to Trump accounts for certain eligible children. The proposed rules address who is eligible, who may make the election, the timing and manner of making the election, and the tax or administrative mechanics for how the $1,000 is deposited to a child’s Trump account. The proposed regulations would apply on or after January 1, 2026.

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