Social Security Admin to fast-track Trump Account enrollment for eligible kids

The Treasury Department may be doing the heavy lifting when it comes to Trump Accounts, but the Social Security Administration is also working to ensure families can easily enroll their children as soon as possible.

On America’s 250th birthday and one year after President Donald Trump signed his signature tax bill into law – the tax-advantaged investment accounts for children established by the Working Families and Tax Cuts Act – went live. Eligible accounts started receiving the $1,000 one-time federal contributions on Saturday. On Monday, President Donald Trump rang the opening bells of the New York Stock Exchange and NASDAQ from the Oval Office, signifying the accounts’ first trading day.

In a 2025 analysis, the Joint Committee on Taxation estimated that Trump accounts would cost over $15 billion through 2034, unless Congress extends the program beyond Trump’s second term, as cited by the Economic ...