Can grandparents and employers add money to a Trump Account?

Yes. Once the account has been claimed, parents, grandparents, other family members and employers can all contribute, up to $5,000 a year in total. The limit rises with inflation after 2027.

Employers

Up to $2,500 of the $5,000 can come from a parent's employer through a workplace benefit plan, and it is not taxed as the parent's income. The IRS proposed rules for employer contributions in 2026, so ask your HR team whether they offer it.

Charities and governments

Deposits from charities and state or local governments do not count toward the $5,000 limit.

A tip for grandparents

Money a grandparent puts in is family money, so it comes back tax-free when withdrawn. For college, though, a grandparent-owned 529 is not reported on the FAFSA at all, while a Trump Account counts as the student's asset.

Who can open the account

A legal guardian first. If there is none, either parent. After that, an adult sibling or a grandparent.