Contributions to government-funded youth accounts are anticipated to begin on July 4, 2026. Eligible children will receive an initial $1,000 deposit from the U.S. Treasury into this account. At this time, you can also start contributing to the account. But total contributions cannot exceed $5,000 annually. Similar to how IRA contribution limits change each year, the contribution limit for government-funded youth accounts is subject to change.

Initially, you won’t be able to rollover funds in a government-funded youth account. After account deposits are made on July 4, 2026 (the anticipated account open date), funds will be required to remain in the account until the rollover window begins (expected in late 2026 or early 2027).

When the rollover window opens, the full account balance can be transferred to the institution of your choosing. Partial rollovers will not be allowed. Funds cannot be withdrawn from the account until your child turns 18.

Yes, you can start contributing to your child’s government-funded youth account after July 4, 2026 (the anticipated date accounts will open). Contributions cannot exceed $5,000 per year per child.

Employers are expected to have the ability to contribute to government-funded youth accounts for their employees (if under age 18) or dependents of their employees. Employer contributions are limited to $2,500 per year and count against the annual $5,000 total contribution limit.

Employer contributions will not count toward your taxable income (like many retirement account match programs). If your employer offers this benefit, it could be a great opportunity to build funds in the account without having to make all the contributions on your own.