Frequently Asked Questions
Getting Started
▼What is a Trump Account?
A Trump Account is the official name for the special savings account opened through Form 4547. This is the government's term for the savings account program that allows eligible children to receive a $1,000 contribution. The account is officially referred to as a 'Trump Account' in government documentation and communications from the IRS and Treasury Department.
What is Form 4547?
Form 4547 is the official government form that allows parents and guardians to open a special savings account for their child(ren). Eligible children can receive a $1,000 contribution to start their account. This form helps families secure financial support for their child's future education and savings goals.
How do I apply for Form 4547?
To apply for Form 4547, first join our waitlist by providing your name and email address on our homepage. We'll notify you via email when the official form becomes available in July 2026. Once notified, you can complete the form online through our secure platform, providing information about yourself and your eligible child.
Who is eligible for the $1,000 savings account?
Children born between January 1, 2025 and December 31, 2028 may be eligible for the $1,000 contribution to their special savings account. Parents, legal guardians, and in some cases other family members can apply on behalf of eligible children. Additional requirements and eligibility criteria will be provided when the form is ready.
How do I know if my child is eligible?
Children born between January 1, 2025 and December 31, 2028 may be eligible for the $1,000 contribution. Additional requirements apply - we'll provide full details when the form is ready.
When will the form be available?
We'll notify you via email when the official Form 4547 is ready to be submitted. The form is expected to be available in July 2026.
Application Process
▼What documents do I need for Form 4547?
You'll need basic information about yourself and your child, including full legal names, dates of birth, Social Security numbers, and proof of identity. We'll provide a complete checklist when the form is ready, and our step-by-step guide will help you gather everything you need before you start.
What information will I need to provide?
You'll need basic information about yourself and your child, including names, dates of birth, and Social Security numbers. We'll guide you through the process step by step.
Can I apply for multiple children?
Yes, you can apply for multiple eligible children. Each child will need their own separate Form 4547 submission. If you have multiple children born between January 1, 2025 and December 31, 2028, you can apply for each one to receive the $1,000 contribution to their individual savings accounts.
Can grandparents or other family members apply?
Yes, grandparents and other family members may be able to apply on behalf of eligible children, depending on their relationship and legal guardianship status. The specific requirements will be detailed when the form becomes available. Generally, parents, legal guardians, and in some cases grandparents or other relatives can open accounts for eligible children.
After Submission
▼What happens after I submit Form 4547?
After you submit Form 4547 through our platform, you'll receive confirmation that your submission was received and stored. Your form will then be processed by the IRS and Treasury Department, who will review your application and determine eligibility. If approved by the government, the $1,000 contribution will be deposited into your child's special savings account. We provide the form submission service, but the government handles all review, approval, and funding decisions.
How long does it take to process Form 4547?
You'll receive confirmation from us that your submission was received shortly after submitting. However, the actual processing and approval timeline is determined by the IRS and Treasury Department. We'll provide estimated government processing timelines when the form becomes available. For updates on your application status after submission, you should check with the official government sources or the IRS/Treasury Department directly.
Will I receive confirmation after joining the waitlist?
Yes, after joining the waitlist, you'll receive an email confirmation. This confirms that you're on the list and will be notified when Form 4547 becomes available. Make sure to check your spam folder if you don't see the confirmation email from hello@welcome.form-4547.com within a few minutes.
Security & Privacy
▼Is my information secure when applying?
Yes, we take your privacy and security seriously. All information submitted through our platform is encrypted and stored securely. We use industry-standard security measures to protect your data. When the official form is ready, we'll provide detailed information about our security practices and data handling procedures.
Can I update my information after joining the waitlist?
If you need to update your information after joining the waitlist, please use the contact form at the bottom of our website. We'll help you update your contact information or other details. Once the official form is available, you'll be able to review and update your information before final submission.
General
▼Is there a cost to join the waitlist?
No, joining the waitlist is completely free. No credit card required.
How much does your form preparation service cost?
Our form preparation service costs $24.99 per child. We offer volume discounts: the 2nd child is $19.99 (20% off) and the 3rd child and beyond are $17.49 each (30% off). This is a one-time payment per child, not a subscription. You can view detailed pricing on our pricing page.
Do I need to pay anything to apply?
Joining the waitlist is completely free. When the form becomes available, you can file Form 4547 directly with the government for free at trumpaccounts.gov. Our service ($24.99 per child) provides a user-friendly interface, real-time error checking, and support to save you time and prevent mistakes. The $1,000 government contribution is free regardless of how you file.
What is the deadline to apply for Form 4547?
The deadline for applying will be announced when the form becomes available in July 2026. We recommend joining the waitlist now to ensure you're notified as soon as the form is ready, giving you plenty of time to complete your application before any deadlines.
What if my child was born outside the eligible date range?
If your child was born before January 1, 2025 or after December 31, 2028, they are not eligible for this particular program. However, we recommend checking with official government sources for other savings account programs or benefits that may be available for your child.