Step-by-step guide

How to file Form 4547 to open a Trump Account and claim the $1,000

By M., ParentMoney HQ · Published Oct 16, 2026 · Every step verified Oct 16, 2026

Short answer: Form 4547 is the IRS election to open a child's Trump Account and, in Part III, to request the $1,000 Treasury pilot contribution. The IRS says you can submit it in your IRS online account (sign in with ID.me), which takes about 5 to 10 minutes. You can also file it with your e-filed tax return or on paper. IRS: Trump Accounts page; IRS Instructions for Form 4547 (verified Oct 16, 2026)

Last verified:

Since Oct 1, 2026 every eligible child under 18 with a valid SSN has an automatically enrolled account. A parent or guardian must still claim it in the official Trump Accounts app, and eligible children must have it claimed to get the $1,000. Source: U.S. Treasury, Oct 1, 2026 (automatic enrollment) (verified Oct 16, 2026). See our claim guide for the app route.

What Form 4547 does

Form 4547 is used to elect to establish an initial Trump account for an eligible child, and to elect the $1,000 pilot program contribution from the U.S. Treasury if the child is eligible. Source: IRS Instructions for Form 4547; IRS: About Form 4547 (verified Oct 16, 2026).

Step 1: Check who can file and gather what you need

Step 2: File online (IRS online account)

Sign in to (or create) your IRS online account with ID.me, complete and submit Form 4547, then check the status of submitted election forms. The IRS says the process should take 5 to 10 minutes. Source: IRS: Trump Accounts page (verified Oct 16, 2026).

Or: file with your e-filed tax return

The IRS calls filing Form 4547 with your current-year e-filed tax return "the fastest, safest, and easiest way." Form 4547 can be filed at any time, including with your return. Source: IRS Instructions for Form 4547 (verified Oct 16, 2026).

Or: file on paper

Mail it to the address at IRS.gov/PaperReturns for your tax return for the election year, using the address for those requesting a refund or not enclosing a payment. Do not attach Form 4547 to Form 1040-X, and do not amend your return to attach it. Source: IRS Instructions for Form 4547; IRS: Where to file paper returns (verified Oct 16, 2026). The blank form: IRS Form 4547 (PDF) (verified Oct 16, 2026).

Step 3: Fill in the three parts

Step 4: Activate the account and watch for the deposit

After the election, Treasury or its agent sends activation information; activation requires an authentication step. Source: IRS Instructions for Form 4547 (verified Oct 16, 2026). Activation emails come only from no-reply@TrumpAccounts.Treasury.gov. Source: U.S. Treasury, May 28, 2026 (app launch) (verified Oct 16, 2026). Treasury makes the $1,000 as soon as practicable after the election, once it confirms the account is open. Source: IRS Instructions for Form 4547 (verified Oct 16, 2026).

Not officially confirmed: we found no IRS or Treasury page giving a final cutoff date for the $1,000 election as of Oct 16, 2026.

FAQ

What is Form 4547?

The IRS election to open a child's initial Trump Account and, in Part III, to request the $1,000 Treasury pilot contribution (IRS Instructions for Form 4547, verified Oct 16, 2026).

Can I file Form 4547 online?

Yes. The IRS says to sign in to your IRS online account with ID.me and submit Form 4547; it takes about 5 to 10 minutes (IRS Trump Accounts page, verified Oct 16, 2026).

Where do I mail a paper Form 4547?

To the address at IRS.gov/PaperReturns for your tax return for that year, using the refund / no-payment address. Do not attach it to Form 1040-X (IRS Instructions for Form 4547, verified Oct 16, 2026).

Which box claims the $1,000?

Part III, line 7, for each eligible child (IRS Instructions for Form 4547, verified Oct 16, 2026).

General education only, not financial, tax or legal advice. We don't recommend any product to you personally. Rules and programs change, so always confirm on the linked official source.