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. The U.S. Department of the Treasury has officially 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 future business ventures. For children born between 2025 and 2028, the federal government will even seed the account with a $1,000 pilot contribution.
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.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
With the new app officially rolling out and the first wave of government funds scheduled to drop this summer, you might be wondering how to get started. Here is how to submit your paperwork, activate the app, and what comes next.
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.
While 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, parents can 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 for Savings: 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).
- 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.
Parents, employers, and kids can read more about Trump Accounts via the official website, TrumpAccounts.gov.
Step 2: Check your email for Trump Account letter
Following the Treasury's official launch of the Trump Accounts app (available on iOS and Android), the government has begun contacting registered parents with the next steps on opening their accounts.
If you've signed your child up for a Trump Account already...
- 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 inside that email to complete your account activation.
- You cannot make any contributions to your child's Trump Account until July 4, 2026.
Step 3: Download the official Trump Account app
Once your email from the Treasury arrives confirming your election to open a Trump Account, you can download the official Trump Account app. It's currently available on the Apple App Store and Google Play for both iOS and Android devices.
However, these are the only ways to download the app.
The Treasury cautions taxpayers to remain vigilant against scams. Only the email address above will send information about Trump Accounts; the Treasury will not contact parents via text message or phone call regarding account activation.
Additionally, 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.
Over 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 Inc., 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 aged 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 may join this list, especially as the July 4 Trump Account activation date approaches. Stay tuned for updates.
Read More
- 11 Travel Must-Haves That Are Totally HSA Eligible for Your Family
- Are You 'Broke Planning'? 10 Frugal Habits People Are Using to Save in 2026
- Tax Benefits of Hiring Your Kids Plus IRS Rules to Follow
