Last year, the government announced a new investment vehicle for children, commonly referred to as “Trump Accounts.” Families now need to take action to receive the federal government’s initial $1,000 contribution through the new Trump Accounts program. 

For a full breakdown on what Trump Accounts are, how they work, and who is eligible, check out our article: A $1,000 Baby Bonus: Navigating the New ‘Trump Accounts’ Program.

Additional guidance released in 2026 clarifies how eligible parents can officially opt in and establish an account for their child. This is an important detail because parents are required to opt in; the contribution will not automatically be deposited for eligible newborns. 

Who Is Eligible for a Trump Account?

If you welcomed a child in 2025 or 2026 — or are expecting one soon — your family may qualify for the new Trump Account pilot program and the initial $1,000 government contribution. Unlike many types of permissible accounts, such as Roth and Traditional IRAs, these accounts don’t have income thresholds or eligibility limits. 

However, parents must take action to opt in, as enrollment is not automatic.

Because the rules and implementation details are still developing, it’s important to stay informed as additional guidance becomes available.

How to Claim the $1,000 Contribution 

Option 1: File Form 4547 with your tax return 

Option 2: Go to www.trumpaccounts.gov and fill out the required information. This will automatically prepare and file Form 4547 to establish a Trump Account on behalf of your child, and will allow you to elect the $1,000 Pilot Program Contribution. 

Option 2 is likely the easier option for many families and should take only a few minutes to complete. 

Trump accounts are anticipated to be funded around July 4th, 2026. For taxpayers that have already filed their 2025 tax return, the account may not be funded until 2026 tax returns have been filed. 

Trump Accounts 2026: FAQs for Parents

What is a Trump Account?

A Trump Account is a new government-supported investment account established for eligible children under legislation passed in 2025. The program includes an initial $1,000 pilot contribution from the federal government for qualifying children whose parents opt into the program.

How do I claim the $1,000 Trump Account contribution?

Parents can claim the contribution in one of two ways:

1. File Form 4547 with their tax return 
2. Visit the official Trump Accounts website and complete the required online information, which automatically prepares and files Form 4547 

Some families may find the online option faster and easier to complete.

Is the $1,000 contribution automatic?

No. Parents must actively opt into the program. Eligible children will not automatically receive the contribution unless the required steps are completed.

What is Form 4547?

Form 4547 is the form used to establish a Trump Account and elect participation in the pilot contribution program. It can be filed directly with a tax return or completed electronically through the program website.

When will Trump Accounts be funded?

Initial funding is expected around July 4, 2026. However, families who already filed their 2025 tax return before completing the opt-in process may not receive funding until after filing their 2026 return.

Can parents contribute additional money to a Trump Account?

Yes. Families may be able to make contributions beyond the initial $1,000 government contribution, subject to program rules and contribution limits.

Are Trump Accounts better than a 529 plan?

It depends on your goals. Trump Accounts may provide certain investment benefits, while 529 plans continue to offer strong education-focused tax advantages. The right strategy depends on factors such as flexibility needs, education goals, tax considerations, and long-term financial priorities.

Who should consider opening a Trump Account?

Families with eligible children born during the qualifying timeframe may want to explore the program, especially if they are interested in long-term investing opportunities for their child. Evaluating how the account fits within an overall financial plan is a key step before making additional contributions.

How Trump Accounts Fit into a Broader Financial Plan

While the initial $1,000 contribution may provide a helpful starting point, families should also consider how Trump Accounts compare with other long-term savings and investment vehicles, such as 529 plans, custodial accounts, and other financial planning strategies. The right approach depends on your family’s goals, timeline, flexibility needs, and overall financial picture.

If you have questions about Trump Accounts, education savings strategies, or long-term planning for your family, our team can help you evaluate which options best align with your goals and priorities. Reach out to start the conversation.

Advisory Services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
The fees, expenses, and features of 529 plans can vary from state to state. 529 plans involve investment risk, including the possible loss of funds. There is no guarantee that an education-funding goal will be met. In order to be federally tax free, earnings must be used to pay for qualified education expenses. The earnings portion of a nonqualified withdrawal will be subject to ordinary income tax at the recipient’s marginal rate and subject to a 10 percent penalty. By investing in a plan outside your state of residence, you may lose any state tax benefits. 529 plans are subject to enrollment, maintenance, and administration/management fees and expenses.