Filing your 2025 taxes? Learn how to register your child for a new 'Trump Account' using IRS Form 4547 and secure a potential $1,000 government deposit.
You can elect to open Trump accounts for children via Form 4547 when filing tax returns this season. Here are the key things to know.
The new program allows parents to set up savings for young children that can later be used similarly to a traditional IRA.
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At least $1,000 will be deposited by the federal government into the new child investment accounts. Here's how to sign up.
A Trump Account is a type of IRA for the exclusive benefit of eligible children. You'll need to opt in to get the $1,000 seed money.
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