Millions could receive $1,000 this year under Trump plan, but you need an account - here's how to create one

Millions of parents in the US could get up to $1,000 for their children this year, but only if they open a special account first. The money is part of a new government program started under President Donald Trump called Trump Accounts. Trump Accounts were created under a law named the One Big Beautiful Bill Act (OBBBA).

These accounts are tax-advantaged investment accounts for children under the age of 18. To open a Trump Account, the child must have a valid Social Security number, as reported by The Mirror US. The US government will put $1,000 as the original contribution into eligible children’s Trump Accounts.

In December, tech billionaire Michael Dell and his wife Susan Dell pledged $6.25 billion to support the Trump Accounts program. Because of the Dell donation, 25 million eligible American children can receive an extra $250 to invest in their Trump Accounts. The Dell pledge is one of the largest direct investments ever made specifically for children in the United States.


To make sure your child receives the money, parents must file a form with the Internal Revenue Service (IRS), as per the report by The Mirror US. This IRS form must be filed while submitting 2025 tax returns.

How to register for a Trump account

Payments will not start immediately and are expected to begin in July, according to CNBC. Parents must register by filling out IRS Form 4547 when filing their 2025 tax returns. The 2025 tax season starts on Monday, January 26, and ends on April 15. IRS Form 4547 includes two key choices parents must make. The first choice is to officially open a Trump Account for the child.

The second choice is to receive the $1,000 pilot program contribution from the US Treasury. One IRS Form 4547 allows parents to register up to two children, as per the report by The Mirror US. Families with more than two children can submit multiple forms. The form can be filed online or by mail. After the form is submitted, the US Treasury will contact parents for an authentication process. This authentication process is expected to begin in May. To qualify, children must be under 18 years old by December 31, 2026.

Who is eligible for the money?

Under the OBBBA, parents of children born between 2025 and 2028 will receive a one-time $1,000 Treasury contribution. Because of the Dell donation, children aged 10 and under who were born before January 1, 2025, can receive $250. Children older than 10 may also receive money if funds are still available after early sign-ups, according to the Dells.

The pledged Dell funds will cover 25 million children living in ZIP codes with a median income of $150,000 or less. Parents do not need to apply separately for the Dell money—they only need to open a Trump Account. Once the account is opened, eligible payments will be sent automatically, as noted by The Mirror US. In a statement, Michael and Susan Dell said the program will give children confidence, opportunity, and a financial head start, not just savings.

FAQs

Q1. How can parents get the $1,000 Trump Account money for their child?

Parents must open a Trump Account by filing IRS Form 4547 while submitting their 2025 tax return.

Q2. Who is eligible for the Trump Account $1,000 and $250 payments?

Children under 18 with a Social Security number may qualify, depending on their birth year and income area.