Published
October 9, 2025
Updated
August 4, 2026
Trump Accounts are now live. An authorized adult can use IRS Form 4547 or official program tools to open an account and, for an eligible child, request the one-time $1,000 Treasury contribution.
Is the Trump Accounts Program Live?
Yes. The Treasury Department announced the nationwide launch on July 4, 2026. The earlier version of this article said the claim form was not yet available; that is no longer correct. IRS Form 4547 is available, and official online and app-based tools have launched.
Program Status
Live
Official launch July 4, 2026
Pilot Contribution
$1,000 once
For eligible U.S.-citizen children born in 2025 through 2028
Election Method
IRS Form 4547
May also be available through official online tools
Who Can Receive the $1,000 Contribution?
Under the IRS instructions, the child generally must be a U.S. citizen born after December 31, 2024 and before January 1, 2029, have a valid Social Security number, and not already have a pilot-program election processed. The adult making the pilot election must satisfy the qualifying-child rules described in the instructions.How Do You Make the Election?
Use IRS Form 4547, Trump Account Election(s), and follow the current instructions. The form can be filed with a qualifying tax return, and the IRS directs families to the official program website for online options. Do not use a third-party form that asks for an enrollment fee or unrelated financial credentials.Can Other Children Have an Account?
An initial Trump Account can generally be established for an eligible child under age 18 with a valid Social Security number even if the child does not qualify for the $1,000 pilot contribution. The pilot contribution has the narrower 2025-through-2028 birth window and citizenship requirements.When Can Contributions Be Made?
IRS instructions say contributions could not begin before July 4, 2026. Trump Accounts are special traditional IRAs during the growth period and are subject to contribution, investment, withdrawal, and tax rules. The official instructions and later IRS guidance control over summaries on third-party websites.Avoid Impersonation Scams
Use IRS.gov, Treasury.gov, or TrumpAccounts.gov. The government does not require a fee to file Form 4547. Treat unsolicited messages requesting a child's Social Security number, bank password, or payment as suspicious.Sources
• IRS Form 4547 page• Official Form 4547 instructions
• Treasury announcement of the July 4, 2026 launch
• Official Trump Accounts website
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Status
Program live
Pilot Contribution
$1,000 one time
Pilot Birth Window
January 1, 2025–December 31, 2028
Election Form
IRS Form 4547
Official Website
TrumpAccounts.gov
