Getting Started with Trump Accounts
Taxpayers can now access their Section 530A accounts (also known as “Trump Accounts”) and submit and view the status of Form 4547, “Trump Account Election(s),” through their IRS individual online accounts.
Trump Accounts are a new savings option designed to help children get an early start toward building financial security. The accounts can be opened for children under age 18 and are generally managed by a parent, guardian, or another authorized adult until the child reaches adulthood. U.S.-citizen children born from Jan. 1, 2025, through Dec. 31, 2028, can potentially qualify for an initial $1,000 government-funded deposit.
How to Create a Trump Account
Getting started is intended to be a straightforward process. Here are the steps to take:
- Families should have the child’s Social Security number, date of birth, and address available.
- An authorized adult signs in to an IRS account using ID.ME and submits Form 4547, Trump Account Election.
- After submitting Form 4547, the Treasury Department will send you an email confirmation once it’s processed. The IRS indicates the process generally takes about 5 to 10 minutes.
- A follow-up email with instructions to activate the account will be sent out in phases ahead of the July 4, 2026 launch.
- Activation of the account is completed through the Trump Accounts app or website. The Trump Accounts app is available on all major mobile app stores.
- Once activated and verified, you can continue to use the Trump Accounts app or website to manage the account going forward.
Where to Find Official Information on Trump Accounts
Because the rules are new and may continue to evolve, families should use official government resources for the most current details. Helpful starting points include the following:
Trump Accounts – Jumpstarting the American Dream (https://trumpaccounts.gov)
Treasury Announces the Launch of the Trump Accounts App and Next Steps for Trump Accounts | U.S. Department of the Treasury (https://home.treasury.gov/news/press-releases/sb0508)
Frequently Asked Questions
Is there a cost associated with opening a Trump account?
No, there is no cost to open a Trump Account.
Who is an “authorized adult” when submitting Form 4547?
Priority order: legal guardian → parent → adult sibling → grandparent.
What happens after Form 4547 is submitted?
After submission, families can check the status of the election through their IRS account. Once the election is processed, Treasury has indicated that families should receive emailed follow-up instructions for completing account activation.
When can contributions begin?
Beginning July 4, 2026, activated Trump Accounts are expected to be able to accept contributions from parents, family members, employers, and other eligible contributors, subject to applicable annual limits.
Also beginning July 4, 2026, eligible children will begin receiving the $1,000 pilot program contribution from the US Department of Treasury deposited directly into their Trump account.
Who can I call with questions about the Trump accounts?
If you have questions about Trump accounts, call the Trump Account call center at 866-USA-4547.
Customer Support is also available through secure, in-app or online callback requests.
Are there scams I should be aware of surrounding Trump accounts?
As Trump Account activation begins, the US Treasury reminds families to remain vigilant against scams and frauds.
If you receive a phone call or text message about activating a Trump account, do not respond as it is likely a scam.
At this time, legitimate communications about Trump Account activation will be sent only by email from . If you receive information from any other email address that doesn’t match the one listed here, it is likely a scam.
Important Reminder
Trump Account guidance is still developing. Before opening or contributing to an account, families should review the latest IRS and Treasury information and consider discussing their situation with a qualified tax or financial advisor. This article is intended as a general overview and is not individualized tax, legal, or investment advice.
