There's no April 15 deadline for Trump Accounts. The IRS says the election that opens the account can be filed at any time, including with your income tax return.
That election is how you claim the $1,000 government seed for your child's Trump Account. If your child was born between January 1, 2025 and December 31, 2028, the seed is theirs once the election is processed. Nobody who filed later lost anything.
Where Did the April 15 Idea Come From?
April 15 is the standard federal tax filing deadline, and IRS Form 4547 can be filed alongside a tax return. That led a lot of people to assume the form was due the same day. It isn't. The form can go with any return or be filed completely on its own.
The only real cutoff is December 31 of the calendar year your child turns 17. For seed-eligible kids born 2025 through 2028, that's 2042 at the earliest. In other words: no urgency clock, but no reason to wait either.
What Is IRS Form 4547?
Form 4547 is the official IRS form for the Invest America Account program. It collects basic information about your child (name, Social Security Number, date of birth) to confirm eligibility for the government seed.
You can download IRS Form 4547 here. It can go with any tax return or be filed on its own.
For a full walkthrough of the process, see our step-by-step guide to opening a Trump Account.
How Do You Sign Up?
A parent or guardian makes the Form 4547 election. Fastest: your IRS Online Account, 5-10 minutes with an ID.me login plus your child's Social Security Number, date of birth, and address. You can also e-file the form with any tax return or mail it. Once it's processed, the Treasury emails instructions to activate the account in the official Trump Accounts app at trumpaccounts.gov.
If your child was born before 2025 or after 2028, the same process works. Your child just won't receive the $1,000 government seed.
Worried You Already Missed It?
You didn't miss anything. There was never an April 15 cutoff for the election, and the $1,000 seed is deposited whenever the election is processed. Sign up now and you're in the same position as everyone else.
If you're on extension or haven't filed taxes at all, that's fine too. The form doesn't depend on your tax timeline.
Is My Child Eligible?
Any U.S. child under 18 with a Social Security Number can have a Trump Account. Children born 2025 through 2028 are eligible for the $1,000 seed. Children born before 2025 can still benefit from the tax-deferred growth and contribution limits.
Not sure what your child qualifies for? The quiz at investamericaquiz.com takes 30 seconds.
Find out if your child qualifies right now at investamericaquiz.com.
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.
