Trump Account Claim Checklist

Everything to have ready before you file IRS Form 4547 ("Trump Account Election") — the deposit is not automatic. Eligible: U.S.-citizen children with a Social Security number, born Jan 1, 2025 – Dec 31, 2028, claimed by an adult for whom the child is a qualifying dependent.

1 · Confirm eligibility (2 minutes)

• Birth date is inside the window.Born January 1, 2025 through December 31, 2028.
• The child is a U.S. citizen.
• The child has (or has applied for) a Social Security number.Most newborns get one automatically via the hospital's Enumeration-at-Birth paperwork. If not, apply free at ssa.gov — never pay a third party for an SSN.

2 · Confirm who opens the account

• Check the priority order.If more than one adult could open it: legal guardian → parent → adult sibling → grandparent.
• Agree as a family on one filer.Only one account per child — duplicate claims delay processing.

3 · Gather documents

• Child's Social Security card (or SSA confirmation).
• Child's birth certificate.
• Your own government-issued ID.
• Your own SSN / taxpayer info.The filing adult identifies themselves on the claim.

4 · File the election

• Fastest — online: irs.gov/trumpaccounts File Form 4547 in your IRS Individual Online Account (sign in or create one via ID.me). The IRS says it takes 5–10 minutes.
• Other routes: with your federal tax return, or by mail Form & instructions at irs.gov (search "Form 4547"). Program info hub: trumpaccounts.gov.
• No rush, but don't wait: there's no annual deadline (outer limit: Dec 31 of the year the child turns 17) — but nothing is deposited until you file, and earlier money compounds longer.
• Save your confirmation — screenshot or print it and keep it with the birth certificate.

5 · After the $1,000 lands (optional but smart)

• Decide on extra contributions.Up to $5,000/year total (the $1,000 seed doesn't count toward this); an employer may contribute up to $2,500 of the $5,000. Money is invested in U.S. stock-index funds — at launch, all accounts sit in the default SPYM fund. Withdrawals generally start the year the child turns 18.
• Ask your employer whether they offer a Trump Account contribution benefit.
• Set a calendar reminder each birthday to review the account.
• Tell other new parents.Print the one-page flyer at trumphealthcare.us/flyer.html.

From trumphealthcare.us — a free, independent, plain-English guide. Not affiliated with the U.S. government, IRS, Treasury, or any campaign. Not legal, tax, or investment advice. Verify current rules at irs.gov/trumpaccounts. Last reviewed: August 1, 2026.