Treasury, IRS Issue Proposed Regulations for Trump Accounts Pilot Program

IRS Newsroom

Published March 6th, 2026

Detected March 13th, 2026

Summary

The Treasury Department and IRS have issued proposed regulations for the Trump Accounts contribution pilot program, established under the Working Families Tax Cuts. These regulations provide guidance on how the Treasury will deposit a one-time $1,000 contribution into eligible children's accounts.

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What changed

The Department of the Treasury and the IRS have released proposed regulations detailing the Trump Accounts contribution pilot program, a new type of traditional IRA for eligible minors. These proposed rules outline the process for Treasury to make a one-time $1,000 contribution to the Trump Accounts of eligible children born between 2025 and 2028, provided they are U.S. citizens with a Social Security Number and no prior pilot program election has been made. The regulations also specify the requirements for the parent or guardian making the election using the new Form 4547.

Individuals who wish for an eligible child to receive the $1,000 pilot program contribution must file an election. This election can typically be made by a parent or guardian who anticipates the child will be their qualifying child for the year the election is made. The proposed regulations are intended to assist individuals in making these elections and define the qualifications for both the child and the electing individual. Further information is available on IRS.gov and trumpaccounts.gov.

What to do next

Review proposed regulations for Trump Accounts contribution pilot program.
Familiarize with eligibility criteria for children and electing individuals.
Prepare to utilize Form 4547 for making pilot program elections.

Source document (simplified)

IR-2026-31, March 6, 2026

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations providing guidance regarding the contribution pilot program for Trump Accounts, which are a new type of traditional individual retirement account for eligible minors. Trump Accounts and the Trump Account Contribution Pilot Program were established under the Working Families Tax Cuts enacted on July 4, 2025.

Contribution pilot program, $1,000 from Treasury

The proposed regulations issued today provide rules on how Treasury will make one-time $1,000 pilot program contributions to the Trump Accounts of eligible children for whom elections have been made. The proposed regulations provide guidance regarding the effects of making an election for an eligible child to receive a $1,000 contribution and define other qualifications.

The proposed regulations will assist individuals who will make elections for eligible children to receive $1,000 pilot program contributions. In order for an eligible child to receive a $1,000 pilot program contribution, an election for a pilot program contribution must be filed by an individual who anticipates the child will be his or her qualifying child for the year during which the election is made, typically a parent or guardian. Therefore, parents who want to participate need to make an election and may be in a situation to do so during the tax year in which the child is born. Elections for pilot program contributions may be made as soon as the child meets all eligibility criteria below.

Eligible Children

In order for a child to receive the pilot program contribution, the parent or other individual who qualifies to make the election, must also elect to establish a Trump Account for the child.

The eligible child must:
Be born in calendar year 2025, 2026, 2027, or 2028,
Be a United States citizen,
Have been issued a Social Security Number and
Be someone for whom no prior pilot program election has been made by any individual and processed by Treasury.

Pilot program-electing individual:

Generally, an individual who anticipates the child will be his or her qualifying child for the year during which the election is made, typically a parent or guardian, is the pilot program-electing individual.

Form 4547, Trump Account Election(s) is a new form for establishing a Trump Account and for electing for the child to receive the pilot program contribution.

The IRS continues to provide updates and additional information related to the tax benefits from the Working Families Tax Cuts at IRS.gov.

Please visit trumpaccounts.gov for more information on Trump Accounts.