Trump Account FAQ: quick answers

By Aaron Houston · Last checked 2026-10-25 against IRS and Treasury sources

Is my child eligible? Valid SSN and won't turn 18 before the end of the year the account is set up (IRS: Trump Accounts). Details

Was an account opened automatically? Eligible children were auto-enrolled starting Oct 1, 2026. You still need to claim it (IRS: Trump Accounts FAQ).

How do I get the $1,000? Elect it on Form 4547, in the app, on the website or in your IRS Online Account. Born 2025-2028, U.S. citizen, valid SSN (IRS: Trump Accounts). Details

Is Form 4547 real? Yes, it's an official IRS form (IRS: Trump Accounts FAQ). How to fill it

I got Notice CP318. Follow its instructions; check that names, SSNs and birth dates match SSA records (IRS: Trump Accounts FAQ). Fixes

Should I file a 1040-X to fix Form 4547? No (IRS: Trump Accounts FAQ).

How much can family add? Up to $5,000 a year combined, including up to $2,500 from employers (IRS: Instructions for Form 4547). Rules

Who holds the money? BNY is financial agent; Robinhood Securities is brokerage provider and initial trustee (IRS: Trump Accounts FAQ).

Help line? 866-USA-4547 (IRS: Trump Accounts FAQ).

Did my child get the Dell $250? Depends on birth year (2016-2024) and ZIP code (>Invest America: Dell $250 eligibility). Details

Is this site official? No. It is an independent guide, not affiliated with the U.S. government or IRS.

Trump Account FAQ: quick answers

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