Trump Account App Is Live: How to Claim Your Kid’s $1,000 in 3 Easy Steps
The Treasury has officially launched the mobile app. Here is how to complete Form 4547, activate your child’s account, and track investments soon.
Do you have a child under 18? If so, claiming their Trump Account just got a lot easier this month.
The U.S. Department of the Treasury recently launched the long-awaited mobile app for one of the most talked-about provisions of the 2025 Trump/GOP tax and spending law.
Trump Accounts are designed as a child-focused savings vehicle to provide a financial head start for a beneficiary's higher education, first-time homeownership or other qualified costs. For children born from 2025 to 2028, the federal government will seed the account with a $1,000 pilot contribution.
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So far, more than 4 million children have been signed up for Trump Accounts, according to the IRS, with 1 million claiming the "free money" contribution program.
While the new app is officially rolling out and the first wave of government funds is scheduled to drop this summer, you might be wondering how to get started. Here's how to submit your paperwork, activate the app, and what comes next.
Related: New Trump Account Spinoff Launches in Only 23 States: Is Yours on the List?
Trump Account for kids: What it is, how to claim and the new app
Trump Accounts, also called 530A accounts, are tax-deferred investment savings designed to help save for future qualified expenses.
Although parents and employers can contribute a combined $5,000 per year to Trump Accounts, the biggest draw right now is the opportunity to claim a "free money" seed deposit from the federal match program.
The process starts with the IRS. By submitting Form 4547, taxpayers can elect to open an account and request a one-time $1,000 federal deposit for qualifying children. Once that form is processed and the account is opened, parents will be able to fully manage, track and build the investment using the newly released official Trump Accounts mobile app.
Note: The app is available for download on the Apple App Store and Google Play. It will serve as your primary digital dashboard for tracking the $1,000 deposit (if applicable), making contributions and watching the account's growth.
Do you have a qualifying child for a Trump Account? Your child must be under the age of 18, a U.S. citizen, and have a valid Social Security Number. For more information on who is eligible for a Trump Account and/or the $1,000 match, check out Kiplinger's report, The GOP Trump Account: Your Funding Starts Soon.
Trump Account Enrollment Steps
Step 1: File Form 4547
You can start the application process for a Trump Account by filing IRS Form 4547, Trump Account Election(s), only if you're the parent, legal guardian, grandparent, or adult sibling of a beneficiary, in that order).
When you're filling out the form, keep these key items in mind:
- There is no cost to open a Trump account.
- Parents, employers, charitable organizations and governments can contribute money to your child's Trump account (once the funding process is available).
- However, your child can only receive those contributions if you open an account.
If you want more information before opening a Trump Account, visit the official website at TrumpAccounts.gov.
Step 2: Check your email for a Trump Account letter
After you've signed your child up for a Trump Account, the federal government will contact you regarding account opening information.
- An email will arrive from no-reply@TrumpAccounts.Treasury.gov to confirm your election to open a Trump Account (emails started going out late last month).
- Follow the instructions in that email to complete your account activation.
- You can't make any contributions to your child's Trump Account until July 4, 2026.
Note: The Treasury also cautions taxpayers to remain vigilant against scams. Only the email address listed above will send information about Trump Accounts; the Treasury will not contact parents via text message or phone call regarding account activation.
Step 3: Download the official Trump Account app
Once the Treasury confirms your election to open a Trump Account, you can download the official mobile app. It's currently available on the Apple App Store and Google Play for both iOS and Android devices.
To avoid potential scammers, only access your child's Trump Account information via the official app or by typing "TrumpAccounts.gov" into your browser's URL. Customer support is also available through the official Trump Accounts app.
Employer contributions and what comes next
Although the federal government provides the initial $1,000 match for qualifying infants, some employers are expanding that deposit.
More than 25 companies have pledged an additional one-time $1,000 deposit for employees with qualifying children, including (but not limited to):
- Bank of America, Broadcom, Charles Schwab, Chipotle Mexican Grill,
- Coinbase, Comcast, Continental Resources, Dell, IBM,
- Intel, JPMorgan Chase & Co, Mastercard, NVIDIA, Robinhood Markets,
- Russell Investments, Steak 'n Shake, SoFi Technologies,
- Visa, Wells Fargo and Uber.
High-profile donors Michael and Susan Dell, Ray and Barbara Dalio, Nicki Minaj, and Brad Gerstner have also pledged additional, targeted contributions to fund some accounts, and each donation has different eligibility requirements. For example, the Dell donation is for children age 10 and under who live in ZIP codes with a median income of $150,000 or less.
So far, all philanthropic contributions are expected to approximate about $250 per qualifying child (except for Minaj's donation, which was not pledged on a per-child basis).
As 2026 rolls on, more companies might join this list, especially as the July 4 Trump Account activation date approaches. Stay tuned for updates.
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