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Official form guide
Form 4547: Trump Account Election(s)
IRS Form 4547 is used to make an election establishing an initial Trump account for a child eligible for one, or to elect the $1,000 pilot program contribution for that child.
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IRS Form 4547 - Trump Account Election(s)
IRS Form 4547 is used to make an election establishing an initial Trump account for a child eligible for one, or to elect the $1,000 pilot program contribution for that child.
Risk Radar
Scan points- 1The form is invalid unless it is signed AND dated according to instructions.
- 2Failing to sign Form 4547 according to instructions.
- 3Not dating Form 4547 when submitting it.
- 4Mismatching the child's name or SSN between Part II and their card.
- 5Forgetting to attach extra copies if electing for more than two children.
Plain English
This form allows you to officially set up a 'Trump account' for a child who qualifies. You can also use it to request a special $1,000 contribution from the U.S. Treasury to go into that child’s new Trump account. The IRS uses this election to begin managing and tracking the account.
Submission Date
- Filing date: 2026-01-08 13:10:42
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
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What this form is for
- Use this form when an authorized individual wishes to establish an initial Trump account for a child eligible for one, or elect a $1,000 pilot program contribution for that child.
- Do not use Form 4547 when you are amending Form 1040, Form 1040-SR, or Form 1040-NR to attach the election information.
- Check Form 2848 instead when a representative signs Form 4547 on your behalf and that representative requires specific authorization.
Form selector
Use this form or another form?
Filing an initial account election for one child
Use Parts I, II, and IV to complete the required information.
✓ Check Part III, line 7 if electing the pilot contribution.
Requesting a refund but not enclosing payment
This address should be used for paper filings when requesting a refund or sending no check/money order.
✓ Confirm you are mailing it to the correct IRS portal address.
Filing electronically with tax software
This is cited as the fastest, safest, and easiest method for making the election(s).
✓ Ensure your software follows its specific instructions for signing the electronic Form 4547.
Deadline or filing window
Form 4547 can be filed at any time, meaning there is no specific deadline tied to a tax filing window. However, the Treasury Department starts sending activation information in May 2026, which may create an effective filing timeframe for timely account opening.
Checklist
What you need before filling it out
Part I (Parent/Guardian Info)
Name, Address, SSN · Form p.1 / Instructions p.3
Filing Timing
Any time, including with income tax return · Instructions p.3
Electronic Filing Method
File with current-year e-filed tax return · Instructions p.3
Paper Signature Requirement
Must be handwritten on Form 4547 · Instructions p.4
Authorized Representative Signing
Power of Attorney (Form 2848) must be attached · Instructions p.4
Pilot Contribution Election
Check box in Part III, line 7 · Form p.1
Before you submit
- 1Complete all fields in Part I with the responsible party's information.
- 2Verify that the child is eligible for a Trump account before completing Parts II and IV.
- 3Check the box in Part III, line 7 if electing the $1,000 pilot program contribution.
- 4If filing on paper, ensure your signature is handwritten directly on Form 4547.
- 5If using a paid preparer, complete all fields in the Paid Preparer Section.
- 6If someone else prepares it, confirm that person has knowledge of all information provided.
- 7Confirm that if signed by a representative, Form 2848 is attached.
How to file this form
- 1Complete Part I with the responsible party's name, address, and Social Security number.
- 2For each eligible child, complete Parts II and IV to establish or elect for the Trump account.
- 3Check the box in Part III, line 7 if electing the $1,000 pilot program contribution for that child.
- 4Sign Form 4547 under penalties of perjury (handwritten if mailing on paper).
- 5File electronically by attaching it to your current-year e-filed tax return for fastest processing.
- 6OR mail the completed form to IRS.gov/PaperReturns if you are not filing electronically.
Known limitations
- 1During the growth period for a Trump account, an individual cannot take a deduction under section 219 for any contribution to that Trump account.
- 2A Trump account generally restricts distributions from the account during its growth period.
- 3Contributions made to a Trump account during the growth period may be allowed even if the child does not have compensation included in their income.
- 4The aggregate annual limitation on contributions does not apply to contributions received from the pilot program, qualified general contributions, or qualified rollover contributions.
Field map
Compact field-by-field guide
General Info
2 items
Full legal name and taxpayer identification number (SSN or EIN).
Current mailing address.
Details
2 items
Complete all applicable sections of this form according to the official IRS instructions.
Enter the relevant dollar amount if this form involves tax calculation.
Certification
1 items
Read and acknowledge any certifications required by this form.
Signatures
1 items
Sign and date. Unsigned forms cannot be processed.
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Fillable formOpen in Editor->The current edition is Revision December 2025 (Rev. 12-2025). The instructions direct users to IRS.gov/Form4547 for the latest information regarding Form 4547.
What changed or needs a fresh check
- Edition date — confirm the revision reads December 2025 (12-2025).
- Mailing address — confirm you mail paper copies to IRS.gov/PaperReturns for your tax return year.
- Signature — ensure the signature handwritten if filing on paper, or follow software/practitioner instructions if electronic.
- Purpose check — verify that Part I lists the responsible party who is making the election.
- Pilot contribution — confirm checking the box in Part III, line 7 requests the $1,000 contribution.
Quick Facts
Downloads
After you file
- 1Retain books or records related to Form 4547 and its instructions for as long as their contents.
- 2If filing electronically, the fastest, safest, and easiest way is with your current-year e-filed tax return.
- 3When mailing on paper, use the address provided at IRS.gov/ PaperReturns for the year you are making the election.
- 4Do not attach Form 4547 to Form 1040-X; instead, mail it separately or follow specific instructions regarding attachments.
- 5If amending Form 1040, 1040-SR, or 1040-NR, do not attach Form 4547 to those forms.
Sources
- SRCInstructions p.1 — Purpose of Form 4547 is to make an election to establish an initial Trump account for a child eligible for one, or to elect the $1,000 pilot program contribution.
- SRCInstructions p.1 — A Trump account must have a trustee, and that trustee must be either a bank or another person approved by the IRS as a nonbank trustee.
- SRCInstructions p.1 — The growth period ends on December 31st of the year before the calendar year in which the child turns age 18.
- SRCInstructions p.2 — Contributions from the pilot program, qualified general contributions, or qualified rollover contributions are not subject to an annual contribution limit.
- SRCInstructions p.3 — Form 4547 can be filed at any time, including when filing with the income tax return.
- SRCInstructions p.3 — When mailing on paper, use the address at IRS.gov/ PaperReturns for the year of election; do not attach it to Form 1040-X or amend Forms 1040, 1040-SR, or 1040-NR to attach it.
Common confusion points
When should I file Form 4547?
It can be filed at any time, including when you file your income tax return.
→ Confirm the filing date relative to your tax return.
What is a 'growth period' and how long does it last?
The growth period starts when the account is established and ends on December 31st of the year before the child turns age 18.
→ Check the child's birthdate against this end date.
Do I need to report my name change (marriage/divorce) before filing Form 4547?
Yes, if you changed your name due to marriage or divorce, ensure you reported that change to the SSA first.
→ Verify the name on Form 4547 matches your SSA records.
What is the difference between making an election online versus on paper?
Online filing with a current-year e-filed tax return is described as the fastest, safest, and easiest method.
→ Check trumpaccounts.gov for specific instructions on online availability starting in mid-2026.
If I am a nonresident or resident alien without an SSN, does that affect Form 4547?
The source mentions this scenario but does not specify the consequence of lacking an SSN for these filers.
→ Verify if your specific status requires additional documentation beyond the form itself.
What happens if my name on Form 4547 doesn't match my card?
An incorrect or missing Social Security Number (SSN) may prevent the processing of your election.
→ Double-check that both the name and SSN entered on Form 4547 match your social security card.
Workflow map
Related forms and next steps
Before
Current
After
Often used with
⚠ If something goes wrong
- Form 1040-X (for requesting a refund/amendment)
Questions about IRS Form 4547
What is IRS Form 4547 used for?
This form allows you to officially set up a 'Trump account' for a child who qualifies. You can also use it to request a special $1,000 contribution from the U.S. Treasury to go into that child’s new Trump account. The IRS uses this election to begin managing and tracking the account.
Who must file IRS Form 4547?
The authorized individual who makes the election must file Form 4547. This responsible party is generally the parent or guardian of the child(ren) listed in Part II.
What information does IRS Form 4547 require?
Part I collects information for the Parent/Guardian or Other Authorized Individual, while Part II details the Child's Information (including name and relationship). Parts III and IV cover the Pilot Program Contribution Election and Consent to Disclose Information, respectively.
When is IRS Form 4547 due?
Form 4547 can be filed at any time, including when filing an income tax return. The Treasury Department or its agent will begin sending activation information starting in May 2026.
Where do I file IRS Form 4547?
The fastest way to file is electronically with your current-year e-filed tax return. If mailing on paper, send it to the address listed at IRS.gov/ PaperReturns for the year you are filing for.
How do I complete IRS Form 4547?
First, complete Part I with your personal details (Parent/Guardian). Next, fill out Part II for each child, ensuring names match their SSN card. Then, check boxes in Part III to elect the $1,000 pilot contribution if eligible. Finally, sign and date Form 4547.
What happens if IRS Form 4547 is filed incorrectly?
Form 4547 is not considered valid unless it is signed according to the instructions and dated properly. Failure to sign or date correctly means the election may not be officially recorded by the IRS.
When should I file Form 4547?
It can be filed at any time, including when you file your income tax return. Confirm the filing date relative to your tax return.
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