Treasury unveils Trump accounts app

The Treasury Department introduced a mobile app Thursday enabling families to access Trump accounts, the new tax-deferred accounts for children born between Jan. 1, 2025 and Dec. 31, 2028.

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Trump accounts were included as part of last year’s One Big Beautiful Bill Act and enable newborns to receive a $1,000 contribution from the government. Over 4 million children have already been signed up and millions more are eligible. The mobile app will be the main interface for the program and is available on the Apple App Store and Google Play.

Parents and legal guardians sign up their children for the accounts by submitting IRS Form 4547 and will begin receiving emails with instructions to complete the account setup process. Activation e-mails for these families will be sent out in phases between now and July 4, 2026, according to the Treasury. The next phase of the program will include account activation ahead of the official July 4 launch. 

“The Trump administration is taking another step forward in expanding opportunity for American families,” said Treasury Secretary Scott Bessent in a statement Thursday. “The Trump accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one. By putting easy access to Trump accounts directly in the hands of parents and young Americans, we are helping to ensure that America’s youth are included in this new era of economic participation.”

Starting July 4, children’s Trump accounts will be able to accept contributions from parents, family members, employers and other eligible contributors, subject to annual limits. Also starting July 4, eligible children will begin receiving the $1,000 pilot program contribution from the Treasury deposited directly to their Trump account. 

The Treasury Department is already on the lookout for possible scams and cautioned that during the initial rollout period, activation emails will come only from no-reply@TrumpAccounts.Treasury.gov. Parents and guardians should follow the instructions in the email to set up their child’s Trump account to complete the account activation steps through the mobile app or by visiting TrumpAccounts.gov. 

It said it would not contact parents or guardians by text message or phone call. If they receive a call or text about a Trump account, they should not respond as it is probably a scam.

The Internal Revenue Service also said Thursday it has added new features in individual taxpayer online accounts to allow taxpayers to view and submit Trump account elections, so it will be simpler to invest in these tax-advantaged accounts.

Through the IRS Individual Account, taxpayers can securely access their tax information and do common tasks online, such as viewing the latest submission status of their Form 4547, Trump Account Election(s), including the next steps. They can also submit their Form 4547, Trump Account Election(s), electronically. 

“These new features reflect our continued focus on transforming the IRS into a digital-first agency that delivers a faster, more seamless experience for taxpayers and provides a new tax-advantaged investment account for children to save for college, retirement, and building generational wealth,” said IRS CEO Frank Bisignano in a statement. “By expanding the IRS Individual Account to include this new status, we are providing taxpayers with this tool in addition to features for managing their tax accounts, tracking important transactions, and completing key actions quickly and securely.”