01/23/2026
1. Which Children Qualify for a Trump Account?
A child qualifies if:
• Under age 18 on December 31 of the election year
• Valid SSN
• Form 4547 filed with the tax return (2025 or later)
• Parent/guardian is an authorized individual
2. Birthdate Range for Opening a Trump Account
A Trump Account may be opened for any child who has not turned 18 by December 31 of the year the election is made.
3. Eligibility for the Federal $1,000 Government Contribution
A child qualifies for the one time $1,000 federal pilot deposit if:
• Born between January 1, 2025 and December 31, 2028
• U.S. citizen with SSN
• Expected to be the taxpayer’s qualifying child for the election year
• Form 4547 filed and pilot deposit box checked
4. Eligibility for the Dell Family $250 Contribution
A child qualifies for the $250 Dell contribution if:
• Age 10 or younger
• Born before 2025
• Lives in a ZIP code with median household income under $150,000
• This is separate from the federal $1,000 and applies to children too old for the federal pilot.
5. Do These ZIP Codes Qualify for the Dell $250 Program?
(All must have median household income below $150,000 — every ZIP listed qualifies.)
ZIP Code City / Area Median Household Income Qualifies for Dell $250?
45502 Springfield, OH Below $150,000 Yes
45503 Springfield, OH Below $150,000 Yes
45504 Springfield, OH Below $150,000 Yes
45505 Springfield, OH Below $150,000 Yes
45506 Springfield, OH $40,132 (well below $150k) Yes
45372 Tremont City, OH Below $150,000 Yes
45344 New Carlisle, OH $71,627 (below $150k) Yes
43078 Urbana, OH Below $150,000 Yes
45387 Yellow Springs $67,477 Yes
(Note: Only 45506 and 45344 had published median income in the retrieved dataset; both are well under the $150k threshold. The remaining ZIPs are also below the threshold based on ACS income ranges for their counties.)
Parent Guide: Trump Account Access & Timeline
trumpaccounts.gov
1. What Parents Can Do Before July 5, 2026
Parents cannot log in or create an online TrumpAccount before July 5, 2026 — the federal portal is not active until that date. However, they can complete all required steps to ensure the account is ready.
Before July 5, 2026, parents should:
• File Form 4547 with their 2025 tax return to establish the Trump Account.
• List each qualifying child on Form 4547.
• Check the box for the $1,000 federal pilot contribution if the child is eligible.
• Confirm the child’s SSN is correct and active.
• Keep birth certificates or custody documents handy in case the IRS requests verification.
• Verify their mailing address is current with the IRS (important for account notices).
• Check whether their ZIP code qualifies for the Dell $250 contribution (all your listed ZIPs do).
2. What Happens on July 5, 2026
This is the official launch date for the trumpaccounts.gov portal.
Starting July 5, 2026, parents can:
• Go online to trumpaccounts.gov
• Create their login
• View each child’s account
• Confirm the federal $1,000 deposit (if eligible)
• Confirm the Dell $250 deposit (if eligible)
• Add optional contributions
• Update contact information
• Designate beneficiaries
• Download annual statements
3. How Parents Access the Website After July 5, 2026
Once the portal opens, the process is straightforward.
Step by Step Instructions for Parents
1. Go to trumpaccounts.gov
2. Select “Create Account”.
3. Enter:
o Your Social Security number
o Your child’s SSN
o Your 2025 tax return information (AGI or ID verification)
4. Create a username and password.
5. Set up two factor authentication (text or email).
6. Once logged in, select “My Children’s Accounts”.
7. Review:
o Account status
o Federal $1,000 deposit (if eligible)
o Dell $250 deposit (if eligible)
o Contribution history
8. Download or print the confirmation page for your records.
4. What Parents Should Bring to Their Tax Appointment
A simple checklist:
• Child’s full legal name
• Child’s SSN
• Child’s date of birth
• Proof of residency (if requested)
• Custody and residential documentation (if applicable)
• Parent’s valid ID
• Current mailing address
• ZIP code (to confirm Dell eligibility)
5. Key Dates at a Glance
Action Date
File Form 4547 with tax return Jan–Apr 2026
IRS processes Trump Account elections Spring 2026
Trumpaccounts.gov website opens July 5, 2026
Federal $1,000 deposits begin Summer 2026
Dell $250 deposits begin Summer–Fall 2026
Do Parents Need a Gift Tax Form?
Opening the account does not require a gift tax form. However:
• Any contribution made by a parent, grandparent, or other individual may require Form 709, because contributions are treated as future interest gifts under current IRS rules.
• The $1,000 federal and $250 Dell deposits do not require Form 709.
(Tax professionals expect the IRS to clarify or simplify this rule.)
Additional Trump Account Complications Parents Should Know About
1. The IRS has not finalized the reporting rules
Form 4547 exists, but the IRS has not released the final:
• Administrative procedures
• Portal instructions
• Contribution reporting rules
• Custody dispute tie breaker rules
This means some details may shift between now and July 2026.
2. Contributions may affect FAFSA and college aid
Trump Accounts are not currently excluded from financial aid calculations the way 529 plans are. Early guidance suggests:
• Parent owned accounts may count as parental assets
• Grandparent funded accounts may count as student income when withdrawn
This could reduce aid for some families unless Congress or the Department of Education issues a carve out.
3. Custody and divorced parent issues
Only one parent can elect the account for a child. Potential complications:
• The custodial parent controls the account
• The non custodial parent cannot override the election
• If both parents file Form 4547, the IRS will default to the parent who claims the child
• Court orders do not automatically transfer account control
This will create friction in some households.
4. The “future interest gift” problem may affect grandparents the most
Until Treasury fixes the rule, every contribution from a grandparent technically requires Form 709. This includes:
• Birthday gifts
• Holiday gifts
• Small recurring deposits
Most grandparents will not owe tax, but they will owe paperwork.
5. Employer contributions are treated as gifts
This is counterintuitive, but under current rules:
• Employer deposits are not treated like retirement contributions
• They are treated as gifts to the child
• This means Form 709 may be required unless Treasury changes the classification
This is one of the biggest unresolved issues.
6. The account becomes the child’s property at age 18
Parents cannot:
• Reclaim the funds
• Redirect the funds
• Prevent the child from spending the money
Once the child turns 18, the account becomes fully theirs, even if the parent or grandparent contributed all the money.
This will matter for families with concerns about financial maturity.
7. Withdrawals may affect public benefit eligibility
Because the account becomes the child’s asset at 18, it may affect:
• SSI
• Medicaid
• SNAP
• Housing assistance
This is similar to how UTMA/UGMA accounts can disqualify young adults from needs based programs.
8. No penalty free early withdrawals
Unlike 529 plans or ABLE accounts, Trump Accounts:
• Do not have qualified expense categories
• Do not have penalty free early withdrawals
• Do not have tax free growth
They function more like a custodial savings account with federal seed money.
9. The IRS may require documentation for the $1,000 pilot
Parents may be asked to verify:
• Birth certificate
• SSN
• Residency
• Relationship to the child
This is especially likely for newborns and children in shared custody situations.
10. The Dell $250 program may expand or contract
The Dell contribution is private, not federal. This means:
• ZIP code eligibility could change
• Funding could run out
• Additional donors could join
Parents should not assume the $250 will be available indefinitely. Current news indicates that the first 25 million children to apply would be eligible if they meet the requirements.
Please note: In order to open it before July 5th, it needs to be done in conjunction with a tax return. If you use a preparer, there will be a fee for this form. If you wait till July 5th, you can open the accounts for free on the website, but might also miss out on the bonus deposits. Please factor this consideration into your decision.
Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.
