President Trump announced his “Trump Accounts” savings initiative for children on Tuesday. Trump says every American child born during his second term will receive a one-thousand-dollar government deposit to help start their account. So, how do parents sign up? First, every child must have a social security number. Parents will need to fill-out IRS Form 4547 to open their accounts for their children. The form got its name because Trump was the 45th president and is now the 47th president.
Thursday 5th February 2026
