THE FOLLOW UP
STATEMENT

Treasury reports roughly 500,000 Trump Accounts chosen in early 2026 filing season

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Approximately 500,000 Americans have chosen to open Trump Accounts for their children during the early 2026 tax filing period.

Source summary
Treasury Secretary Scott Bessent delivered remarks describing the new "Trump Accounts" program, which the statement says will seed a $1,000 investment for every child born between Jan. 1, 2025 and Dec. 31, 2028 that will be invested in an index fund. Families may claim the seed via Form 4547; additional funding channels include family/friend/employer contributions (up to $5,000 per year starting July 4), philanthropic pledges (notably Michael and Susan Dell and Ray and Barbara Dalio), and state contributions. Accounts are described as tax-advantaged, locked until age 18, and usable thereafter for retirement, home purchase, or education; the Treasury frames the program as expanding broad equity ownership.
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Latest fact check

The Treasury Department's official remarks on Jan. 28, 2026 state that "approximately 500,000 Americans have elected to open a Trump Account" three days into the 2026 filing season; the IRS website and Form 4547 materials confirm that elections are made via tax filings (Form 4547) and that the program was available when filing opened. Independent reporting and IRS transaction-level tallies confirming the 500,000 figure were not found at the time of this check, so the claim is accurate as an official Treasury statement but currently rests on the department's reported figure rather than independent verification. Verdict: True — the statement accurately reflects the Treasury Department's report, but independent corroboration (e.g., IRS published counts) was not located and would be useful.

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Timeline

  1. Scheduled follow-up · Feb 04, 2026overdue
  2. Completion due · Feb 04, 2026
  3. Update · Jan 29, 2026, 03:27 AMTrue
    The Treasury Department's official remarks on Jan. 28, 2026 state that "approximately 500,000 Americans have elected to open a Trump Account" three days into the 2026 filing season; the IRS website and Form 4547 materials confirm that elections are made via tax filings (Form 4547) and that the program was available when filing opened. Independent reporting and IRS transaction-level tallies confirming the 500,000 figure were not found at the time of this check, so the claim is accurate as an official Treasury statement but currently rests on the department's reported figure rather than independent verification. Verdict: True — the statement accurately reflects the Treasury Department's report, but independent corroboration (e.g., IRS published counts) was not located and would be useful.
  4. Original article · Jan 28, 2026
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