Trump Account form 4547

Forum|Forum|5 months ago
January 29, 2026
2 replies
12 views

Does the taxpayer/client have to submit the tax form 4547 in order to receive the $1,000

If the client does not want to open the Trump account can he still get the $1,000?

ProSeries Professional

kobe22

Level 5

I believe the Pilot Program Contribution deposits $1,000 to a required Trump Account Election. But I may be wrong.

Just-Lisa-Now-

Intuit Community Champion

@kobe22 wrote:

I believe the Pilot Program Contribution deposits $1,000 to a required Trump Account Election. But I may be wrong.

thats how its supposed to work, we'll see if they can still find the money once everyone gives them their information.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

kobe22

Level 5

I found this on the IRS website:

Trump Accounts give the next generation a jump start on saving

The Working Families Tax Cuts allows parents, guardians and other authorized individuals to establish a new type of individual retirement account for their children, called Trump Accounts. The account is for a child who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number.

The account features a pilot program contribution of $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, and who are U.S. citizens with a valid Social Security number.

Trump Accounts give the next generation a jump start on saving

Sign up

Login with SSO

Let's get you signed in

Login with SSO

Scanning file for viruses.

This file cannot be downloaded