Overview
- The government activated electronic filing for Form 4547 on TrumpAccounts.gov after a Super Bowl ad push, accelerating a portal that had been expected in mid‑2026.
- Eligible children born from 2025 through 2028 may receive a one‑time $1,000 federal pilot deposit if an authorized parent or guardian elects an account.
- After online election, families will hear from a partner financial firm to complete setup, with authentication slated to begin in May 2026 and no federal deposits before July 4, 2026.
- Annual deposits from families and employers are capped at a combined $5,000 per account, with employer contributions allowed up to $2,500 per employee and treated as non‑taxable to the worker.
- Funds must be invested in very low‑cost diversified U.S. index funds or ETFs with expense ratios at or below 0.10%, withdrawals generally wait until age 18, and penalty‑free uses include college costs and a first home while details on private matches and approved funds remain pending.