Trump Accounts FLEXCAST

Overview

Trump Accounts, created under Public Law 119-21 (Section 530A), are tax-deferred savings accounts for children under 18 that are designed to compound over time and generally operate like a traditional IRA once the child reaches adulthood. In this course, we’ll walk you through what practitioners need to know about the program’s rollout, including the pilot $1,000 seed-money contribution for eligible newborns available during the 2025-2028 pilot window and the rules for ongoing non-deductible contributions. This course will give you practical guidance for advising clients on account setup and compliance: who can open an account, activation and elections, eligible investments and trustees, contribution types, distribution and rollover guardrails during the growth period, and how the account transitions into standard IRA treatment after the child turns 18.

Highlights

Trump Accounts Section 530A. Public Law 119-21. IRS Guidance under Section 530A.

Prerequisites

None.

Designed For

CPAs and tax professionals.

Objectives

Identify the statutory framework and core purpose of Trump Accounts under Section 530A, including the pilot seed-money structure and timing. Determine eligibility and roles and explain key account-opening and activation steps. Apply contribution rules, including annual limits, basis considerations, and the treatment of pilot, employer, and general contributions. Describe eligible investment and trustee requirements and recognize how these constraints function during the growth period. Distinguish allowable distributions and rollover options during the growth period from post-growth-period IRA distribution rules and penalties. Outline filing and recordkeeping considerations related to establishing/electing the account.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.