SwitchWizeFinancial Decisions, Made Clearer

The Trump Accounts Guidebook

A plain guide to Trump accounts for children: how to claim the $1,000, who can add money, what it is invested in, how it is taxed, and what happens at 18.

SwitchWize Research DeskEvery chapter reviewed by Jay Rege, Head of Financial Research12 of 12 chapters published

From the government$1,000one time, if you claim itFrom family and friends$5,000at most, all givers a yearYour child's accountinvested in index funds

Volume 1: What It Is and How to Claim It

What a Trump account is, how to claim the $1,000, and why so many accounts sit empty.

  1. Chapter 1 · FoundationalWashington Put $1,000 in Your Kid's Name: What It Is and What It Is NotThe basics
  2. Chapter 2 · FoundationalThe $1,000 Is Not Automatic: How to Claim It on Form 4547Claiming the $1,000
  3. Chapter 3 · FoundationalYour Child Has a Trump Account. Why Is It Empty?Empty accounts

Volume 2: Putting Money In

Who can add money, how much, what an employer can add, and what the money buys.

  1. Chapter 4 · IntermediateThe $5,000 Limit: Who Can Give and the December 31 DeadlineContribution limit
  2. Chapter 5 · IntermediateYour Boss Can Fund Your Kid's Account, Up to $2,500 a YearEmployer money
  3. Chapter 6 · FoundationalWhat the Money Buys: Five Index Funds and Nothing ElseInvestments

Volume 3: Is It the Best Place for Your Money?

How it compares with a 529 plan, how withdrawals are taxed, and what happens at 18.

  1. Chapter 7 · IntermediateTrump Account or 529 Plan: Which Should You Fund First?Trump account vs 529
  2. Chapter 8 · IntermediateThe Tax Catch: When a Trump Account Loses to a Plain Brokerage AccountTax on withdrawals
  3. Chapter 9 · IntermediateAt 18 It Becomes an IRA, and the 10% Penalty Shows UpAge 18 and withdrawals

Volume 4: Gifts, States and Your Checklist

Gift rules for grandparents, state taxes, and one list of every date and form.

  1. Chapter 10 · IntermediateGrandparents, Read This Before You Give: The Gift Tax RuleGifts
  2. Chapter 11 · AdvancedYour State May Tax What Washington Does NotState tax
  3. Chapter 12 · FoundationalYour 2026 Trump Account Checklist: Every Date, Form and DollarYour checklist

Educational content, not individualized financial, tax or legal advice. Examples use hypothetical figures unless a source is cited.