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Trump Accounts

 

Trump Accounts give the next generation a jumpstart on saving

The Working Families Tax Cuts created a new type of individual retirement account (IRA) for eligible children called a Trump Account. Starting Oct. 1, 2026, the Secretary of the Treasury automatically enrolled eligible children in Trump Accounts.

Children born from Jan. 1, 2025, through Dec. 31, 2028, may also qualify for a one-time $1,000 contribution from the federal government to their Trump Account.

Who is eligible for a Trump Account?

A child qualifies for a Trump Account if they:

  • Have a valid Social Security number.
  • Will not turn 18 before the end of the calendar year in which the account is established.

Your child does not need to qualify for the $1,000 government contribution to have a Trump Account.

Claim or open a Trump Account

An authorized individual can claim the account through the Trump Accounts app. Form 4547 is not required.

Even if an account was opened automatically, you must claim it before you can manage it.

To claim your child’s account, download the Trump Accounts app from the Apple App Store or Google Play and follow the instructions to:

  1. Verify your identity and your authority to manage your child's account.
  2. Complete the steps to claim and activate the account.

If Treasury automatically opened an account for your child, you do not need to submit Form 4547 to open it.

Get the $1,000 government contribution

The federal government provides a one-time $1,000 contribution to eligible children who:

  • Are U.S. citizens.
  • Were born from Jan. 1, 2025, through Dec. 31, 2028.
  • Have valid Social Security numbers.

You must elect the $1,000 contribution for your child, even if Treasury automatically opened the account.

To request the contribution, submit Form 4547 and select the option for the $1,000 pilot program contribution.

You can submit Form 4547 through the Trump Accounts app, the Trump Accounts website or your IRS Individual Account.

What you need to get started

Have the following information ready:

  • Your name and identifying information.
  • Your child's legal name.
  • Your child's Social Security number.
  • Your child's date of birth.

Make sure the information you provide matches Social Security Administration records to avoid delays.

Get help with Trump Accounts

For information about claiming and managing an account, visit the Trump Accounts Help Center or call 866-USA-4547.

You can also visit trumpaccounts.gov for program information.

For answers about IRS notices, correcting an election and other issues, see Trump Accounts - Frequently asked questions.

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