Trump Accounts For Your Kids Are Now Easier Than Ever To Access

Claiming a free $1,000 from the federal government for your child is now even easier. The Trump Administration on Monday launched a redesigned online intake form for opening a Trump Account.

The new IRS Form 4547 at TrumpAccounts.gov replaces the clunky downloadable PDF parents previously had to navigate. The updated form, designed by the new government National Design Studio led by Airbnb co-founder Joe Gebbia, streamlines the process into a few simple steps. Parents are asked to provide their personal information, contact details, and their child’s information, along with consent for the Treasury Department and IRS to open a Trump Account on the child’s behalf. Families may also add additional qualifying children in the same submission. 

Once the form is submitted, the Treasury Department, in partnership with the IRS, will create and maintain the Trump Account. The account will be held in a partner institution, which will then contact parents with further instructions to complete the setup.

The redesign radically simplifies the previous system, which required parents to download, fill out, and mail back the PDF form. The new online submission allows parents to complete the entire process digitally, eliminating paperwork and delays.

President Trump established the National Design Studio through executive authority as part of a broader effort to modernize outdated government systems. “There is a high financial cost to maintaining legacy systems, to say nothing of the cost in time lost by the American public trying to navigate them,” the President’s executive order states.

Airbnb co-founder Joe Gebbia joined the government as an unpaid special government employee (SGE) to bring the President’s vision to life by redesigning the Trump Stock Account intake form. 

Trump Accounts have the potential to be financially transformative for American families. According to White House projections, a child born in 2026 would have an account worth approximately $5,800 by age 18 with no additional contributions. With maximum contributions from parents and employers, that number could reach $303,800. By age 28, the account is projected to grow to $18,100 without additional contributions and as much as $1,091,000 with maximum contributions, highlighting the power of reinvesting earnings over time. Families, friends, and employers can contribute up to $5,000 per year per child. 

The account, managed by a professional firm, will invest the funds in a diversified portfolio of low-cost index funds aiming to maximize long-term growth while minimizing risk so that when the child turns 18, they have money to be able to fund their college education, buy their first home, or start a business.  

All children under the age of 18 with a valid Social Security Number are eligible to establish a Trump Account, but only children who were born between January 1, 2025, and December 31, 2028, are eligible for the $1,000 seed investment from the United States Treasury. The funding for Trump Accounts came from the Beautiful Bill and will have the opportunity to be extended in a later reconciliation bill for children born in 2029 and beyond.  

Treasury Secretary Scott Bessent hopes that as children watch money in their Trump Account grow, they learn valuable lessons about investing and personal finance. At the Trump Account launch day, Bessent shared a sobering statistic showing that two-thirds of Generation Z cannot answer more than half of the basic financial literacy questions on the Nation’s Personal Finance Index. He said that watching their own money grow in real time through Trump Accounts will give Americans the opportunity to course-correct their financial literacy.