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Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social Security hearing in Washington, DC, US, on Wednesday, June 10, 2026. <\/p>\n
Tierney L. Cross | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Up to 25 million Trump Accounts<\/a> could be funded by mid-October, IRS CEO Frank Bisignano said Friday on CNBC’s “Power Lunch.” <\/p>\n His comments follow the U.S. Department of the Treasury announcement Thursday that more than 60 million American children under age 18 have been automatically enrolled <\/a>in the new tax-deferred savings and investment accounts.<\/p>\n It’s unclear whether Bisignano was referring to\u00a0family and employer contributions or grant money, including the one-time\u00a0$1,000 pilot program<\/a> from the Treasury Department or the $250 Dell grant earmarked for 25 million kids.<\/p>\n Trump Accounts, also known as 530A accounts, launched on July 4<\/a> and are open to all U.S. children under age 18 with a Social Security number. Babies born from 2025 to 2028 are also eligible for\u00a0$1,000 seed money <\/a>from the Treasury.<\/p>\n<\/div>\n