The Social Security Administration will help you enroll in $1,000 Trump Accounts
The Social Security Administration (SSA) detailed how it will help parents enroll their children in Trump Accounts and access the $1,000 payment
Enrolling a newborn in the new Trump Accounts will be much easier for new parents in the United States. The Social Security Administration (SSA) announced that it will implement a process to facilitate registration from the moment a baby obtains its Social Security number. The objective is that more families can access this children's savings program without carrying out additional procedures and that they acquire the $1,000 dollars from the government without much waiting.
The SSA explained in an information note that, starting this Monday, April 6, it would update the Enumeration at Birth (EAB) program, the system that hospitals use to request the Social Security number of newborns. With this change, parents will receive information to automatically create a Trump Account when completing the same process.
“Trump Accounts represent one of the most important investments in the next generation of Americans in our nation's history, providing America's children with a strong financial foundation for the future,” said Social Security Administration (SSA) Commissioner Frank J. Bisignano. “Social Security numbers are the foundation of Trump Accounts, and we will empower parents to enroll their newborns through the Enumeration at Birth program, so they can take full advantage of this program from the day they are born.”
In addition to modifying the forms used in hospitals, the SSA reported that Social Security cards sent to newborns will include information about this program. The agency will also update its website and work with hospitals and other organizations to make the new accounts known to families.
What are Trump Accounts?
Trump Accounts are a federal program created by the Working Families Tax Cuts Act, signed by President Donald Trump on July 4, 2025. It is a savings and investment account for children under 18 years of age, designed to help children begin to build wealth from their first years of life.
The money remains invested for the long term and, when the beneficiary reaches the age of majority, he or she can use it for certain purposes permitted by law, such as studying, buying a home or starting a business. Afterwards, the account operates with similar rules to an individual retirement account.
Who can receive the $1,000 dollars?
Accounts can be opened for anyone under 18 years of age who is a US citizen and has a valid Social Security number. However, the initial deposit of $1,000 provided by the United States Government is part of a program aimed only at children born between January 1, 2025 and December 31, 2028.
The SSA reported that, starting July 4, 2026, minors who meet the requirements will begin to receive that initial contribution in their accounts. So far, around six million children are already enrolled in the program.
In addition to the federal incentive, parents, family members and even employers can make additional contributions to increase the child's savings as the years go by, always respecting the limits of up to $5,000 per year established by law.
For families who already have children under 18, the program is still available although not everyone will receive the government deposit. Parents can open a Trump Account using Internal Revenue Service (IRS) Form 4547 or through the program's official portal.
If you have a baby soon or have just become a parent, reach out to hospital authorities for guidance on the help the SSA is providing in the wake of the Trump accounts.