IRS Form 4547 is the official tax form for the Invest America Account program, also known as Trump Accounts. It's how parents establish their child's eligibility for the $1,000 government seed contribution.
Here's everything you need to know.
What Does Form 4547 Do?
Form 4547 tells the IRS that you want to open a Trump Account for your child and claim the government seed contribution. It's filed alongside your regular 2025 tax return.
You're not opening the account on April 15. The account itself doesn't open until July 5, 2026. But filing Form 4547 now is how you lock in your child's eligibility for the $1,000 before that date.
Who Needs to File It?
If your child was born between January 1, 2025 and December 31, 2028, you need Form 4547 to claim the $1,000 government seed. That seed only goes to children born in that window.
If your child was born before 2025 or after 2028, you don't need Form 4547 to open a Trump Account. You can apply directly through trumpaccounts.gov when the portal opens in July 2026. Your child just won't receive the government seed.
When Is It Due?
The deadline to file Form 4547 with your 2025 tax return is April 15, 2026. That's the standard federal tax filing deadline.
If you file for an extension, consult a tax professional about whether you can still include Form 4547 after April 15.
How Do You File It?
Download IRS Form 4547 here. File it with your regular 2025 federal tax return by April 15, 2026.
The form collects basic information about your child: name, date of birth, Social Security Number. The IRS uses this to verify eligibility for the seed contribution.
For a step-by-step walkthrough of the full process, see our guide to opening a Trump Account.
What Happens After You File?
After you file, the IRS processes the form and establishes your child's eligibility. When accounts open on July 5, 2026 at trumpaccounts.gov, the $1,000 will be deposited and invested in a low-cost S&P 500 index fund. From there, it compounds over time.
See what the $1,000 could grow into based on projected growth estimates.
What Is Grifin's Role?
Grifin is not affiliated with the government program. We're a private investing app that helps families understand Invest America and prepare for it. For official guidance, go to irs.gov or trumpaccounts.gov.
For more on how Trump Accounts work and who qualifies, check the Invest America landing page.
Find out in 30 seconds if your child qualifies at investamericaquiz.com.
Have more questions? Here's every question people are asking about Trump Accounts.
This post is for educational purposes only and is not tax, legal, or investment advice. Grifin is not affiliated with the U.S. government or the Invest America program.
