For parents
Trump Accounts
A savings account for children under the 2025 law, with a $1,000 federal deposit for eligible kids and employer contributions up to $2,500 a year.
Free calculators for the 2025 tax law
Work out what the new tax rules mean for your family
Trump Accounts for kids, plus the new deductions for tips, overtime, car loan interest and seniors. Every number on this site links to the IRS source it comes from.
- Runs in your browser. Nothing you type is stored.
- Tested against IRS worked examples
Example
Trump Account growth
Projected account value
$44,179
By age 18 · estimated
TodayAge 18
Ex
Example inputs
$1,000 deposit + $1,200 a year at 7%
Federal deposit$1,000
OvertimeUp to $12,500
Calculators by topic
For workers and retirees
New tax deductions
Four deductions claimed on Schedule 1-A for tax years 2025 to 2028.
- Overtimeup to $12,500$25,000 joint
- Tipsup to $25,000qualified tips
- Car loan interestup to $10,000new US-built cars
- Seniors 65+$6,000per person
Due by 1 February 2027
New codes TT and TP on your 2026 W-2
For the first time, employers report qualified overtime in Box 12 code TT and tips in code TP. Type in what yours says and see what it's worth.
TT identifies qualified overtime compensation.
W-2Wage and Tax Statement · 2026
12a · Code TT3,900.00
12b · Code TP6,200.00
14b · Tipped occupation code102
Example valuesNot a real W-2
EXAMPLE
Employer contributions
Does your employer add to your child's account?
14 companies have said they will. Each entry links to where it was reported.
| Company | Contribution | Source | Last verified |
|---|---|---|---|
| JPMorgan Chase | Matches the $1,000 federal deposit | Business Insider | |
| Bank of America | Matches the $1,000 federal deposit | Business Insider | |
| Intel | $1,000 for employees' children | CPA Practice Advisor | [DATE] |
| Charles Schwab | $1,000 for eligible employees | Business Insider |
Keep on track
Key dates
Three milestones for your family's planning calendar.
-
4 July 2026:
Trump Accounts open for contributions.
-
1 February 2027:
2026 W-2s due, the first with codes TT and TP.
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Tax years 2025 to 2028:
The four Schedule 1-A deductions apply.
Transparent by design
Calculations you can audit
Every figure is tied to its IRS source and checked against published examples. Calculations happen locally in your browser, so your family's numbers stay yours.
Read our methodology