Trump Account $250 / $1,000 Deposit Eligibility Checker for Residents of Santa Clarita
Find out whether your child may qualify for the $1,000 federal Trump Account contribution or the $250 Michael & Susan Dell contribution.
Trump Accounts are a new type of child investment account designed to help families start saving early for children born in 2009 or later. The account must be opened by December 31 of the year before in which the child turns 18. Some children may qualify for free starter money, including a $1,000 federal pilot contribution and a separate $250 contribution from Michael and Susan Dell. Use the tool below to get a quick estimate based on your child's birth year and ZIP code.
Check If Your Child May Qualify
Answer three quick questions. No email required.
This tool is for general informational purposes only and does not constitute tax, legal, or financial advice, nor does it guarantee eligibility. Final eligibility may depend on IRS, Treasury, and program rules, including citizenship, Social Security number, account activation, donor availability, and other requirements. You must be an authorized individual in order to make an election to open an account for a child and to serve as the custodian of the account throughout the duration of the custodial period. Authorized individuals include (in this order) legal guardians, parents, adult siblings, and grandparents. See IRS Notice 2025-68 for more information.
What Are Trump Accounts?
Trump Accounts are child investment accounts created to help children start building long-term savings early in life. Parents, guardians, and other authorized individuals may be able to open an account for an eligible child, and the funds are intended to grow over time through investments.
- Trump Accounts are generally for children under 18 with valid Social Security numbers.
- Some children born from 2025 through 2028 may qualify for a one-time $1,000 federal pilot contribution.
- Families and others may be able to contribute to the account.
- Some private donors and charities may also make contributions for qualifying groups of children.
- Funds are generally restricted until the child reaches adulthood.
- Investment returns are not guaranteed.
Who May Qualify for the $1,000 Federal Trump Account Contribution?
The $1,000 federal pilot contribution is generally available for eligible U.S. citizen children born from January 1, 2025 through December 31, 2028, assuming the child has a valid Social Security number and the required account election/setup process is completed.
- Child born from 2025 through 2028
- Child is a U.S. citizen
- Child has a valid Social Security number
- Parent/guardian completes the required Trump Account process
Who May Qualify for the $250 Michael & Susan Dell Contribution?
Michael and Susan Dell have announced a contribution program intended to provide $250 to qualifying children's Trump Accounts. Eligibility generally depends on the child's age, ZIP code, Social Security number, account activation, and fund availability.
- Child is age 10 or under
- Child lives in a qualifying ZIP code
- Child has a valid Social Security number
- The child's Trump Account is activated while funds remain available
- The Dell contribution is limited to the first 25,000,000 qualifying children who enroll
What If My Child Does Not Qualify for Free Money Right Now?
Even if your child does not appear to qualify for the $1,000 federal pilot contribution or the $250 Dell contribution, you may still be able to open a Trump Account for your child if they otherwise meet the basic eligibility requirements. Families may contribute to the account, and future donors, charities, employers, or government programs may decide to contribute to accounts for certain groups of children later.
Trump Account FAQs
Thoughts from Clarita CPA Group's President, Logan Allec, CPA
How to Open a Trump Account in Less Than 7 Minutes
Follow this step-by-step video walkthrough from Logan Allec, CPA to open a Trump Account for your child quickly and confidently.
This tool is for general informational purposes only and does not provide tax, legal, investment, or financial advice. Eligibility estimates are based on limited information and may not reflect final IRS, Treasury, donor, or program rules. Investment accounts involve risk, and investment returns are not guaranteed. Clarita CPA Group is not affiliated with the IRS, U.S. Treasury, Invest America, Michael and Susan Dell, or the Trump Account program.