# Trump Accounts: which kids get the $1,000 and how to sign up > Children who are U.S. citizens, born from January 1, 2025, through December 31, 2028, with a Social Security number, can get a one-time $1,000 deposit from the U.S. Treasury, but a parent or guardian has to sign up with IRS Form 4547 (free, on trumpaccounts.gov, the app, the IRS online account, or with a tax return). Any child under 18 with an SSN can have an account, but only that birth window gets the $1,000. The money is invested in low-cost U.S. stock index funds and generally can’t be taken out before the year the child turns 18. - URL: https://explained.page/trump-accounts - Language: en - Last checked: 2026-10-29 - Watch the 1-minute animated guide: https://explained.page/watch?start=trump-accounts ## Step by step 1. **Heard about $1,000 for kids?** It’s a real federal program, but only some children get the $1,000, and you have to sign up. Here’s who qualifies and what to do. 2. **Here’s who gets the $1,000.** Children who are U.S. citizens, born from January 1, 2025, through December 31, 2028, with a Social Security number. The Treasury deposits it once the account is set up. 3. **Older kids can have an account too.** Any child under 18 with a Social Security number can get one, but kids born before 2025 don’t get the government’s $1,000. 4. **It isn’t automatic. You sign up.** Use IRS Form 4547: on trumpaccounts.gov, the Trump Accounts app, your IRS online account, or with your tax return. It’s free. 5. **The money is invested for the child.** It goes into low-cost U.S. stock index funds. Family can add up to $5,000 a year, but nobody has to. How much it grows depends on the stock market. 6. **It’s locked until about age 18.** Money generally can’t come out before January 1 of the year the child turns 18. After that, it follows the rules for a traditional IRA. 7. **Some older kids may get a private gift.** Michael and Susan Dell pledged $250 each for up to 25 million kids age 10 and under, born before 2025, in ZIP codes with median income of $150,000 or less. 8. **Signing up never costs money.** Ignore calls, texts or sites that charge a fee to “claim” the $1,000. Use only trumpaccounts.gov or the IRS. 9. **Look it up the right way.** Search with your town or state in the words. Pick the official site: it usually ends in .gov. Skip ads and sites that charge for free forms. ## Checklist - Born 2025–2028 + U.S. citizen + SSN = $1,000 - Sign up with Form 4547; it’s free - Older kids: account yes, $1,000 no - Invested in U.S. stock index funds - Locked until about age 18 - Never pay anyone to “claim” it In the news. Last checked October 31, 2026. Rules can change; the official site is trumpaccounts.gov. ## What it is Trump Accounts are savings and investment accounts for children, created by the 2025 federal tax law. They opened on July 4, 2026. ## Who gets the $1,000 A child who is a U.S. citizen, was born from January 1, 2025, through December 31, 2028, and has a Social Security number can get a one-time $1,000 deposit from the U.S. Treasury. A parent or guardian has to request it. ## How to sign up Use IRS Form 4547, Trump Account Election(s). You can submit it through trumpaccounts.gov, the Trump Accounts app, your IRS Individual Online Account, or with your federal tax return. It’s free. Don’t file an amended return just to make this election. ## Older children Any child under 18 with a Social Security number can have an account opened, but children born before 2025 don’t get the government’s $1,000. ## How the money works - It’s invested in low-cost index funds that track mostly U.S. stocks, with fees capped at 0.1% a year. - Family and others can add up to $5,000 a year in total. Employers can add up to $2,500 a year, which counts inside that $5,000. Nobody has to add anything. - Money generally can’t be taken out before January 1 of the year the child turns 18. After that, the account follows the rules for a traditional IRA, including taxes and penalties on some early withdrawals. - How much it grows depends on the stock market. No one can promise a number. ## Private gifts Michael and Susan Dell pledged $250 each for up to 25 million children age 10 and under, born before 2025, who live in ZIP codes with a median family income of $150,000 or less. Some other foundations and employers have announced their own gifts. ## Watch out for scams Not true: You have to pay a fee to claim the $1,000. Signing up never costs money. Ignore calls, texts and websites that charge a fee to “claim” the $1,000 or ask for your Social Security number out of the blue. Use only trumpaccounts.gov and IRS.gov. ## What’s still unclear - Some investment rules were only proposed by the Treasury and IRS in 2026 and may change before they’re final. - Which private gifts a child gets depends on each donor’s own rules. - Whether this is the best choice depends on your goals. A 529 plan, for example, is built for education costs. ## Common questions ### My child was born in 2024. Do they get $1,000? No. They can still have a Trump Account, but the government’s $1,000 is only for children born 2025 through 2028. Some kids age 10 and under may qualify for a separate $250 private gift. Source page: https://explained.page/trump-accounts/questions/my-child-was-born-in-2024-do-they-get-1-000 ### Do I have to put money in? No. Adding money is optional. The $1,000, if your child qualifies, is invested on its own. Source page: https://explained.page/trump-accounts/questions/do-i-have-to-put-money-in ### Who qualifies for the $1,000 Trump Account deposit? U.S. citizen children born from January 1, 2025, through December 31, 2028, who have a Social Security number, once a parent or guardian signs them up. Source page: https://explained.page/trump-accounts/questions/who-qualifies-for-the-1-000-trump-account-deposit ### How do I sign up for a Trump Account? File IRS Form 4547 through trumpaccounts.gov, the Trump Accounts app, your IRS online account, or with your tax return. It’s free. Source page: https://explained.page/trump-accounts/questions/how-do-i-sign-up-for-a-trump-account ### Can older children get a Trump Account? Yes, any child under 18 with a Social Security number, but children born before 2025 don’t get the $1,000. Source page: https://explained.page/trump-accounts/questions/can-older-children-get-a-trump-account ### When can money be taken out of a Trump Account? Generally not before January 1 of the year the child turns 18. After that it follows traditional IRA rules. Source page: https://explained.page/trump-accounts/questions/when-can-money-be-taken-out-of-a-trump-account ### How much can I put into a Trump Account? Up to $5,000 a year in total from family and others; employers can add up to $2,500, which counts inside the $5,000. Adding money is optional. Source page: https://explained.page/trump-accounts/questions/how-much-can-i-put-into-a-trump-account ### Is it a scam if someone charges a fee to claim the $1,000? Yes. Signing up is free. Use only trumpaccounts.gov and IRS.gov. Source page: https://explained.page/trump-accounts/questions/is-it-a-scam-if-someone-charges-a-fee-to-claim-the-1-000 ## Official sources - [TrumpAccounts.gov: official site](https://www.trumpaccounts.gov/) - [IRS: Form 4547, Trump Account Election(s)](https://www.irs.gov/form4547) - [IRS: Form 4547 instructions](https://www.irs.gov/instructions/i4547) To find your local office, search for: - "trumpaccounts.gov check my child’s account" - "IRS free tax help near me" --- General information, not legal or professional advice. Rules differ by state. From explained.page (www.explained.page). Life’s stuff, explained simply.