How To Open a Trump Account? Everything Parents Need to Know About Eligibility and the $1,000 Treasury Contribution

President Donald Trump highlighted the launch of Trump Accounts during a July 6 White House event, days after the federal savings program became available.

Parents, legal guardians and other authorized individuals can now begin opening accounts for eligible children.

Here’s what you need to know.

Trump Accounts are tax-deferred investment accounts for eligible U.S. children under age 18.

Children who are U.S. citizens and born between Jan.

1, 2025, and Dec.

31, 2028, may also qualify for a one-time $1,000 contribution from the U.S.

Department of the Treasury.

The account is designed to encourage long-term investing for children, with contributions automatically invested in a fund that tracks the S&P 500.

Who Can Open a Trump Account? Parents, legal guardians and other authorized individuals, including grandparents and adult siblings, can elect to open a Trump Account for an eligible child by filing IRS Form 4547.

However, only one Trump Account may be established for each child.

The first authorized individual to complete the activation process becomes the account’s responsible party and manages it until the child reaches age 18.

To be eligible, the child must be under age 18, have a valid Social Security number and not already have a Trump Account.

To receive the one-time $1,000 Treasury contribution, the child must also be a U.S. citizen born between Jan.

1, 2025, and Dec.

31, 2028.

Read Also: Forget OpenAI: D.A.

Davidson Calls Alex Karp's Palantir the 'Best Company' in Software With 'Main Character' Energy How to Open a Trump Account The first step is determining whether your child is eligible.

The child must be under age 18, have a valid Social Security number and not already have a Trump Account.

Children born between Jan.

1, 2025, and Dec.

31, 2028, who are U.S. citizens may also qualify for the one-time $1,000 Treasury contribution.

Next, complete IRS Form 4547.

Parents, legal guardians and other authorized individuals can file the form with a federal tax return, through an IRS Online Account after verifying their identity with ID.me, or through the Trump Accounts website or mobile app.

After the IRS processes the election, activate the account through the Trump Accounts app or at TrumpAccounts.gov.

During activation, you’ll verify your identity, create login credentials and enter information for both yourself and your child, including names, dates of birth and Social Security numbers exactly as they appeared on IRS Form 4547.

Once activation is complete, you’ll receive a confirmation email.

If you already submitted IRS Form 4547 with your 2025 tax return, you don’t need to do anything further until you’re notified that the account is ready to activate.

Parents with multiple eligible children can add them to the same dashboard after activation.

What Happens Next? Beginning July 4, 2026, parents, relatives and friends can collectively contribute up to $5,000 per child each year.

Employers may contribute up to $2,500 annually per employee, with those contributions counting toward the annual limit.

Qualified contributions from eligible nonprofit organizations and state or local governments may also be deposited under certain circumstances.

Eligible children will automatically receive the one-time $1,000 Treasury contribution after the account is established and eligibility requirements are met.

That contribution does not count toward the annual contribution limit.

The account has no activation or maintenance fees.

Contributions are automatically invested in SPYM, an exchange-traded fund that tracks the S&P 500 by holding hundreds of large U.S. companies.