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Trump Account Form: How to Open One with IRS Form 4547

Last verified: September 3, 20263 cited sources

You open an initial Trump Account by making an election on IRS Form 4547, “Trump Account Election(s)”. A parent or legal guardian completes it for the child.

How to file Form 4547

  • File on paper, or use the official online Form 4547 and the trumpaccounts.gov portal.
  • The form can be submitted with a tax return or separately, per the official instructions.
  • Filing the form is free. Treasury processes the election and opens the account.

Only use official government channels to file. We never collect your Social Security number, bank details, or any sensitive information — and no legitimate form process asks you to enter those on a third-party site.

For the current form, instructions, and any deadlines, use the official IRS instructions linked in the sources below.

Rules can change. Before you act, confirm the current details with official sources such as the IRS and the U.S. Department of the Treasury, and the official program site at trumpaccounts.gov.