abstract-background-of-multi-colored-cubes.jpg
Resources

Trump Accounts under Sec. 530A — Timeline and insights

Dec 04, 2025 · 1 min read

SECTION

EXCLUSIVE

Trump Accounts, established under H.R. 1, P.L. 119-21, the law known as the One Big Beautiful Bill Act (OBBBA) under Sec. 530A, are new tax-advantaged savings accounts designed to help families build financial security for minors. These accounts can only be set up for individuals under age 18 and designated as Trump Accounts at inception.

Contributions grow tax-deferred, similar to an individual retirement account (IRA), and distributions are generally tax-free if all rules are followed. Families can contribute up to

Reserved for Tax Section Members and PFP Section Members

Already a Tax or PFP Section Member?

Log in with your account
 
Forgotten email
Forgotten password

Not a Tax or PFP Section Member?

To gain access to exclusive content, your first step is to join the AICPA & CIMA.

Discover the benefits of:

Tax Section
PFP Section

Exclusively for

Personal Financial Planning SectionTax Section

Mentioned in this article

Topics

Personal Financial Planning
Tax

Subtopics

Individual Income Taxation
International Tax
Tax Policy & Regulatory Change
Manage preferences

Related content

    This site is brought to you by the Association of International Certified Professional Accountants, the global voice of the accounting and finance profession, founded by the American Institute of CPAs and The Chartered Institute of Management Accountants.

    About|Terms & Conditions|Accessibility|Privacy Policy|Contact|Help|Site Map

    CA Do Not Sell or Share My Personal Information

    }