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IRS Form 4547 is the official form to open a Trump Account for a child. The form number was chosen deliberately: 45 for the 45th president and 47 for the 47th. You file it to elect to create the account and, if your child qualifies, to request the $1,000 government contribution. Here is exactly how to complete it.
Two Ways to File Form 4547
Option 1: Through IRS.gov (recommended)
Log in to your IRS account at IRS.gov using your ID.me credentials. Navigate to IRS.gov/trumpaccounts. Submit Form 4547 electronically. This is the fastest method and allows you to track the status of your submission. If you do not have an IRS account, create one at IRS.gov using ID.me for identity verification.
Option 2: With your tax return
Form 4547 can be attached to your 2025 tax return or any subsequent year’s return. If you filed your 2025 taxes without it, you can still file it separately at any time before the child turns 18. Tax software (TurboTax, H&R Block) will include Form 4547 in their 2026 filing season software.
Option 3: Through the Trump Accounts app
After downloading the official app from the App Store or Google Play (developer: U.S. Department of the Treasury), the app guides you through account creation which includes the Form 4547 election process.
What You Need Before You Start
- Your Social Security number
- Your child’s Social Security number (required, no exceptions)
- Your child’s date of birth
- Your IRS online account login (ID.me verified) for the online option
- Your mailing address
What Form 4547 Asks For
The form collects:
- Your name, address, and Social Security number as the custodian
- The eligible child’s name, Social Security number, and date of birth
- A checkbox to elect to open the Trump Account
- A checkbox to request the $1,000 Treasury pilot contribution (for children born January 1, 2025 through December 31, 2028)
- Your signature and date
The form does not ask for banking information, investment choices, or contribution amounts. It is solely the election to establish the account. Investment and contribution decisions happen after the account is activated through the app or TrumpAccounts.gov.
The $1,000 Checkbox: Do Not Miss It
There is a specific checkbox on Form 4547 to request the $1,000 Treasury pilot contribution. This box must be checked for eligible children born between January 1, 2025 and December 31, 2028 to receive the government seed money. If your child qualifies and you forget to check this box, you may need to file an amended form. The IRS has not yet published guidance on late requests for the pilot contribution.
After Filing: What Happens Next
- The IRS processes your Form 4547 election
- You receive confirmation by email (if filed online) or mail (if filed with tax return)
- Between now and July 4, the Treasury sends account activation emails to confirmed account holders at no-reply@TrumpAccounts.Treasury.gov
- On July 4, 2026, the $1,000 government contribution deposits for eligible children
- Contributions from parents, family, and employers begin July 4
How Long Processing Takes
Electronic submissions through IRS.gov are processed faster than paper returns. The Treasury is rolling out account activations in waves between now and July 4. You will receive an activation email before July 4 even if you filed recently, as long as processing completes before the launch date. Filing as soon as possible increases the likelihood of receiving the July 4 deposit rather than a delayed deposit.
Can Non-Parents File Form 4547?
Yes. The account must be opened by a parent, guardian, or custodian who is responsible for the child. Grandparents can open an account if they are the legal guardian. A non-guardian grandparent cannot open the account independently but can contribute to an account already opened by the parents. See our full guide: Can Grandparents Open a Trump Account?
For the complete overview of Trump Accounts, see: What Is a Trump Account: The Complete 2026 Guide.
Sources: IRS Form 4547 instructions; IRS.gov/trumpaccounts; Treasury Department Trump Account enrollment guidance; CNBC Trump Account enrollment reporting. This article is for informational purposes only and does not constitute tax or legal advice.
