Trump Account: $1,000 Pilot Program Contribution

If you’re planning to open a Trump Account (Form 4547) for your child under the new $1,000 pilot program, eligibility matters. Here’s a quick breakdown to help you determine whether your child qualifies.

A child must meet all of the following requirements:

👉 Born between 2025 and 2028

👉 Qualifying child of the individual opening the Trump Account

👉 U.S. citizen

👉 Has a valid Social Security number

If any of these criteria are not met, the child will not qualify for the $1,000 pilot contribution.

How to open a Trump Account:

You can elect to open an account for your eligible children using the newly created IRS From 4547. You can do this when you file your taxes or through an online portal that will be available by summer 2026. Continue to check trumpaccounts.gov for the latest information.

Why this matters

Proper eligibility ensures:

• Compliance with program requirements

• Avoidance of contribution reversals or delays

• Accurate tax reporting and documentation

  
  

Before opening an account or claiming related benefits, it’s important to confirm eligibility and keep proper records.

If you’re unsure whether your child qualifies or want guidance on how this fits into your broader tax strategy, working with a tax professional can save time and prevent future issues.

Clarity now = fewer headaches later.

TrumpAccounts.gov is a helpful starting point—but it’s not a substitute for personalized tax advice.

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