"Trump accounts" sign-up form launches: How to opt into $1,000 child fund

Driving the news: Trump, at a White House event, released a copy of IRS Form 4547, which parents will use to open their accounts for their children. (Trump was the 45th president and is now the 47th president.)

What they're saying: "Trump accounts will be the first, I guess, you could say, real trust funds for every American child," Trump said on Tuesday.

Catch up quick: The announcement follows the Tuesday morning news that tech mogul Michael Dell pledged $6.25 billion to fund 25 million accounts.

• That donation extends the reach of the new child investment accounts beyond those made eligible by the "big beautiful bill."

Here's what to know about how and if you can open a Trump account:

Who is eligible for a Trump account

State of play: The parent or guardian of children who are U.S. citizens born between 2025 and 2028 can elect to receive $1,000 from Treasury.

• "Trump Accounts are built with strict safeguards to protect taxpayer funds, including requiring a valid Social Security number," the Treasury said.
• Kids born before 2025 can have accounts, but aren't eligible for the $1,000 Treasury contribution.

What is the $1,000 government contribution

Between the lines: The Treasury's one-time $1,000 contribution does not count against the annual $5,000 contribution limit, per the Treasury.

• The benefit is available for children as long as the account is opened "before the year in which the child turns age 18."

Who can contribute to Trump accounts

Children, parents or guardians, friends, other family members, and employers can contribute to a Trump account.

• In the case of employers, the first $2,500 per employee per year is excluded from the employee's income.
• "Qualifying charitable organizations and Governmental entities (states, Tribes, localities, D.C.)" may also make contributions for all children in a "qualified class," the Treasury said, such as all children born in a year, all children in a state, or all children nationwide.

When contributions begin

What to watch: Accounts may begin accepting contribution on July 4, 2026.

How to open a Trump account

Zoom in: Form 4547 can be used to make the election that establishes an initial Trump account for a child.

• Parents or guardians can also use Form 4547 to make an election for a $1,000 pilot program contribution from the Treasury to a child's Trump account if they are eligible.
• After the election is made, beginning in May 2026, the Treasury "will send information to the individual who made the election to activate the account through an authentication process and complete the opening of the initial Trump account," the department said.

Employer contributions

Of note: Pre-tax salary-reduction contributions will be allowed to Trump Accounts owned by an employee's dependent child via an employer-sponsored "cafeteria" plan, the department said.

• "We expect hundreds of major companies to announce plans to contribute to these accounts in the coming months, and we had tremendous interest in that regard, Trump said on Tuesday.

Where Dell's money is going

Dell's money will give $250 in seed funds to 25 million children born between 2016 and 2024.

• Those children must live in ZIP codes where the median annual household income is under $150,000.
• The Dells estimate that nearly 80% of U.S. children under the age of 10 will be eligible.

When children can take out their money

The bottom line: When a child turns 18, their account will generally be treated as a traditional IRA under normal tax rules.