The Treasury Department and IRS have launched an online submission process at TrumpAccounts.gov to help parents and other authorized relatives open “Trump Accounts,” a tax-advantaged savings vehicle created by the 2025 tax-and-spending law. Eligible children born from 2025 through 2028 may qualify for a one-time $1,000 federal contribution, with families and others able to add up to $5,000 a year in additional contributions.
On February 9, 2026, the Trump administration launched a redesigned online intake form intended to make it easier for families to open Trump Accounts, a child-focused, tax-advantaged account created by legislation enacted in 2025.
The Daily Wire reported that the updated online process uses IRS Form 4547 via TrumpAccounts.gov, replacing an earlier process that relied on a downloadable PDF that had to be completed and mailed. Parents are asked to provide their personal and contact information, a child’s identifying details, and consent for the Treasury Department, the IRS, and their agents to create and maintain the account. The Daily Wire also said families can add multiple eligible children in a single submission.
Federal guidance describing the program is published by the IRS. According to IRS materials, Form 4547 is used to make the election to open an initial Trump Account for an eligible child and, if applicable, to request a one-time $1,000 “pilot program” contribution from the U.S. Treasury. The IRS instructions also describe a consent-to-disclose provision authorizing the IRS, Treasury, and their agents to create and maintain the account for listed children.
The account’s investment rules are spelled out in IRS instructions: during the program’s “growth period,” funds generally must be invested in eligible investments such as mutual funds or ETFs that track an index of primarily U.S. companies.
Administration projections for potential account growth have been published by the White House Council of Economic Advisers. In a scenario of average stock-market returns, the White House estimates a child born in 2026 would have roughly $5,800 by age 18 with only the federal $1,000 contribution and no further deposits, and about $18,100 by age 28 if the funds remain invested. With maximum annual contributions, the White House projects about $303,800 by age 18 and approximately $1,091,900 by age 28.
Eligibility for opening an account is broader than eligibility for the federal seed money. IRS guidance says a Trump Account may be established for a child who has not turned 18 by the end of the calendar year of the election and who has a valid Social Security number. The $1,000 Treasury contribution is limited to children born after December 31, 2024, and before January 1, 2029 (i.e., January 1, 2025 through December 31, 2028) who are U.S. citizens and meet additional requirements described by the IRS.
On contributions, administration and IRS materials describe an annual contribution cap of $5,000 per child from private sources, with employers able to contribute up to $2,500 annually subject to the program’s limits.
Separately, the Daily Wire attributed the redesign effort to the administration’s National Design Studio, saying it was led by Airbnb co-founder Joe Gebbia, described as serving as an unpaid special government employee. The Daily Wire quoted language it said came from President Donald Trump’s executive order establishing the design office, arguing that maintaining legacy systems imposes significant financial and time costs on the public.
Treasury Secretary Scott Bessent has promoted the accounts as a tool for financial education. The Daily Wire cited Bessent referencing results from the TIAA Institute–GFLEC Personal Finance Index, a long-running survey of U.S. adult financial literacy, which has found persistent weaknesses among younger adults; an earlier TIAA Institute report found about two-thirds of Gen Z adults answered half or fewer of the index questions correctly.
