Why It MattersThe Trump Accounts program is a tax-deferred investment option that provides a $1,000 government contribution into retirement savings for eligible children. ...Trump Accounts ExplainedTrump approved the accounts as part of his One Big Beautiful Bill budget bill. How to access IRS Form 4547The IRS Form 4547 is used to establish a Trump account for a child. By giving each newborn citizen a material stake in the American dream, through Trump accounts, President Trump is embedding future investors on every rung of the economic ladder." "Decades from now I believe Trump Accounts will be remembered as one of the most transformative policy innovations of all time,” Trump said Wednesday morning.