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Treasury confirms plan to auto-enroll millions of children in Trump accounts
The Treasury said the change could add more than 60 million children to the tax-deferred accounts in 2026.
- Starting tomorrow, October 1, 2026, the Treasury Department will begin automatically enrolling millions of American children in Trump Accounts, aiming to boost enrollment to over 60 million by year's end.
- Previously, families had to 'opt in' using IRS Form 4547, a requirement that yielded low participation, particularly among the 5% of households earning up to $80,000 annually who opened accounts.
- Billionaire donors Michael Dell and Susan Dell pledged $6.25 billion to the accounts, while new rules now allow contributors to donate appreciated stock directly to support children ineligible for the government's $1,000 deposit.
- Madeline Brown, senior policy associate at the Urban Institute, stated auto-enrollment 'would certainly reach the vast majority of parents and children,' though Nina Olson of the Center for Taxpayer Rights warned about risks from concentrated stock portfolios.
- Despite the expansion, practice professor Omeed Firouzi expressed concern that recent IRS funding cuts may limit the agency's ability to effectively manage the significant increase in account enrollment.
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Latest Trump Account changes: What families need to know now
By Jeanne Sahadi, CNN (CNN) — The Treasury Department announced on October 1 that it had automatically enrolled all eligible children for Trump Accounts, the new federal savings and investment vehicle for kids that went live on July 4. Until now, parents had to proactively sign up for a Trump Account, but fewer than eight
Treasury to create Trump Accounts for millions of eligible children — here is how to claim them
Treasury plans to automatically create Trump Accounts for millions of children, but families must take additional steps for eligible children to receive the separate $1,000 federal contribution.
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Total News Sources68
Leaning Left9Leaning Right14Center28Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
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