Part I: authorized individual
Name, Social Security number, home address, date of birth, phone number, email address and foreign address fields for the parent, guardian or other authorized individual.
4547
Trump Account Election(s)
- Agency
- IRS
- Revision
- December 2025
- Fillable fields
- 59
- Pages
- 1
- Official source
- IRS form page
- Checked
- October 21, 2026
Form 4547: Trump Account Election(s)
Form 4547 is used for Trump account elections. The IRS About page says taxpayers use it for elections to open an initial Trump account and to elect to request a one-time $1,000 pilot program contribution. The instructions describe a Trump account as a type of traditional individual retirement account (IRA) established by an authorized individual for the exclusive benefit of the child listed in Part II, who becomes the owner of the account.
The form says that for each eligible child for whom an account is opened, Parts I, II and IV are completed, and that the box in Part III, line 7 is checked for each child eligible to receive the $1,000 Pilot Program Contribution. The person listed in Part I becomes the responsible party for the account. The instructions say the form can be filed at any time, including with an income tax return.
This page has the December 2025 edition. The PDF can be filled out free in the browser on this page and downloaded without an account.
What's on Form 4547
Part II, lines 1 through 5: child's information
Columns for Child 1 and Child 2: name, Social Security number, date of birth, relationship and home address, with a box if the address is the same as Part I.
Part II, line 6
A box for each child to show that the person filing is authorized to open the Trump account for that child.
Part III, line 7: pilot program contribution
A box for each child who qualifies for, and is to receive, the $1,000 Pilot Program Contribution.
Part IV: consent and signature
Consent for the IRS, Treasury and their agents to create and maintain the account and disclose that it exists, the signature and date, and a Paid Preparer Use Only section.
How to fill out Form 4547
- 1
Part I
Enter your name and SSN as they appear on your social security card. The instructions say a nonresident or resident alien without an SSN who is not eligible for one enters an ITIN. Use a P.O. box only if mail is not delivered to the street address.
- 2
Part II, lines 1 through 5
Enter each child's name and SSN to match the child's social security card, the date of birth and the relationship, such as ward, son, daughter, brother, sister or grandchild. Check the box if the child lives at the Part I address.
- 3
More than two children
The instructions say to attach as many copies of Form 4547 as are needed to give the requested information for each child.
- 4
Line 6
Check the box for each child you are authorized to open the account for. The instructions say that when a child already has an open account and only the pilot program contribution is elected, Part II is completed except line 6, plus Part III.
- 5
Line 7
The instructions say to check it for a child who is anticipated to be the filer's qualifying child, was born after December 31, 2024, and before January 1, 2029, is a U.S. citizen with a valid SSN, and has had no prior pilot program election processed.
- 6
Sign and date
Sign and date the form. The instructions say a paper Form 4547 needs a handwritten signature, and a representative who signs needs an attached power of attorney, such as Form 2848, that authorizes signing Form 4547.
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When and where to file, and what happens next
When to file
The instructions say Form 4547 can be filed at any time, including at the same time as the income tax return.
Electronically
The instructions name filing Form 4547 with the current-year e-filed tax return as the fastest way. For an election after the return is filed, such as after a birth, they point to trumpaccounts.gov.
On paper
The instructions say to mail it to the address at IRS.gov/PaperReturns for the return of the election year, using the address for those requesting a refund or not enclosing a check or money order.
Not with an amended return
The instructions say not to attach Form 4547 to Form 1040-X, and not to amend Form 1040, 1040-SR or 1040-NR to attach it.
Activation and first deposit
The instructions say Treasury or its agent sends activation information starting in May 2026, and no pilot program contribution is deposited earlier than July 4, 2026.
Recent update
The About page lists an update to Form 4547 for State, Territorial and Tribal Child Welfare Agencies, dated 11-JUN-2026.
Related forms
1040
U.S. Individual Income Tax Return
199 fields, 2 pages
1040-SR
U.S. Income Tax Return for Seniors
200 fields, 4 pages
1040-NR
U.S. Nonresident Alien Income Tax Return
171 fields, 2 pages
1040-X
Amended U.S. Individual Income Tax Return
166 fields, 2 pages
2848
Power of Attorney and Declaration of Representative
92 fields, 2 pages
Who fills out Form 4547?
The instructions say an authorized individual completes the form for the child. It goes to the IRS, with an e-filed tax return or on paper.
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Questions about Form 4547
What is a Trump account?
The instructions say it is a type of traditional IRA established by an authorized individual for the exclusive benefit of the child listed in Part II, who is the owner of the account.
Who can open the account for a child?
To only open an initial account, the instructions list a legal guardian, parent, adult sibling or grandparent of the child, in that order of priority.
Which children can get the $1,000 pilot program contribution?
The instructions list a child anticipated to be the filer's qualifying child, born after December 31, 2024, and before January 1, 2029, a U.S. citizen with an SSN, and with no prior pilot program election processed.
Can Form 4547 be filed after the tax return?
The instructions say it can be filed at any time. For an election after the return is filed, they point to trumpaccounts.gov, and paper filing goes to the address at IRS.gov/PaperReturns.
When does money reach the account?
The instructions say no pilot program contribution will be deposited earlier than July 4, 2026, and contributions cannot be made to a Trump account before July 4, 2026.
Is there a yearly contribution limit?
The instructions say pilot program, qualified general and qualified rollover contributions have no annual limit. Other contributions share a $5,000 annual limit, and section 128 employer contributions are limited to $2,500.
What if the child is not eligible for the pilot program?
The instructions say not to check the box on line 7. The election to open an initial Trump account is still made on Form 4547.