Home › Calculators › Form 4547 Calculator

Form 4547 Calculator

What Form 4547 does, who gets the $1,000 Trump account deposit, the contribution limits, and what the account could grow to by 18.

Updated November 4, 2026. Free, no sign-up; everything runs in your browser and nothing you type is stored.

Form 4547 Trump account calculator

Child's birth yearUS citizen with a Social Security number?Family contributions a year ($)Employer contribution a year ($, max $2,500)Yearly return (%)

Estimated value at 18

–

–$1,000 pilot deposit

–Yearly contributions (capped at $5,000)

–Total put in

–Withdrawals allowed from

What Form 4547 is

Form 4547, Trump Account Election(s), is how a parent or guardian opens a Trump account for a child and signs up for the $1,000 federal pilot deposit. You can file it with your tax return or use the online election at trumpaccounts.gov. A Trump account is a new kind of IRA for children created by the 2025 tax law (IRC 530A).

The rules (IRS)

$1,000 pilot deposit: a one-time Treasury contribution for each US-citizen child born from January 1, 2025 to December 31, 2028 whose parent makes the election.
Contribution limit: $5,000 a year in total from parents, relatives and others, indexed for inflation after 2027. Government and qualified charity contributions don't count toward it.
Employers: up to $2,500 a year tax-free to an employee's or dependent's account, inside the $5,000.
Start date: no contributions before July 4, 2026.
Investments: low-cost mutual funds or ETFs tracking the S&P 500 or another index of mostly US stocks.
At 18: no withdrawals before January 1 of the year the child turns 18; after that the account generally follows traditional IRA rules.

Worked example

A child born in 2026 gets the $1,000 deposit, and the family adds $1,000 a year for 18 years. At a 7% yearly return the account grows to about $37,379 by 18, from $19,000 put in. Family contributions aren't deductible, so they become after-tax basis; growth is taxed when withdrawn under IRA rules. Compare with a 529 plan for college or a custodial Roth IRA once the child has earnings.

Common questions

What is Form 4547?

The IRS form to open a Trump account for a child and elect the $1,000 pilot deposit.

Who gets the $1,000 Trump account deposit?

US-citizen children born January 1, 2025 through December 31, 2028 with an election.

How much can you put in a Trump account?

$5,000 a year in total, including up to $2,500 from an employer.

When can contributions start?

Not before July 4, 2026.

Sources

More paycheck and tax calculators: Illinois Alimony Calculator · IRS Form 1040 ES Calculator · Lottery Tax Calculator · MA Salary Calculator

General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.