02/20/2026
Did you know???
Pilot Program Contribution Election
An authorized individual can make an election for a $1,000 pilot program contribution to be made to a Trump account for a child, who:
Is anticipated to be the qualifying child of the authorized individual for the year in which the election is made (see Pub. 501 for further information regarding qualifying child status);
Is born after December 31, 2024, and before January 1, 2029;
Has not had a prior pilot program contribution election processed for them;
Is a U.S. citizen; and
Has an SSN. See Valid social security number (SSN) , earlier.
The election must be made on Form 4547. For more information, including whether you can make these elections online beginning in the middle of 2026, go to trumpaccounts.gov. If your child is not eligible for a pilot program contribution, the election to open an initial Trump account must still be made on Form 4547 or, beginning in the middle of 2026, online.
Timing of pilot program contribution. The Treasury Department will make the pilot program contribution as soon as practicable after the election is made and the Treasury Department can confirm with the initial Trump account trustee that the initial Trump account has been opened. However, no pilot program contribution will be deposited in the Trump account of a child earlier than July 4, 2026.
https://www.irs.gov/instructions/i4547
A lock () or https:// means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.
