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DC Families Claim Their Child’s 530A Account

What is a 530A Account?

A 530A Account is a new, tax-advantaged federal investment account designed to help children build long-term financial security. Key details include:

  • Children born between January 1, 2025 and December 31, 2028 are eligible to receive a one-time $1,000 federal contribution to jump-start their account.
  • Children born between 2016 and 2024 may also be eligible for a $250 seed contribution from the Michael & Susan Dell Foundation if they live in a zip code with a median family income of approximately $118,000 or less, based on U.S. Census Bureau data.
  • No additional contributions are required, but family, friends, and employers can contribute over time to help the account grow.
  • Accounts are managed through the official app, where families can determine eligibility and get started.

As of early October 2026, many DC children have been automatically enrolled in 530A accounts. However, families still need to claim their accounts in order to make additional contributions, so it’s important that they take that next step.

 

Flyer 1- Newborns

Flyer 2- All Children

 

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