Parents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.

The IRS announced a series of proposed rules that would determine eligibility and timing for the $1,000 government seed payments, among other aspects of the Trump Accounts.

Proposed regulations under Sec. 530A provide information on how to open initial Trump accounts, and proposed regulations under Sec. 6434 provide guidance on the program that provides $1,000 contributions to Trump accounts for eligible children.

These are the first official rules for a new kind of tax-advantaged savings account designed for minors born from 2025 through 2028. The Department of the Treasury and the Internal Revenue Service issued Notice 2025-68 on Tuesday, laying out how newly ...