The Economic Times

How can parents claim the $1,000 Trump Account when filing 2025 taxes heres who qualifies for the federal seed benefit

Parents filing 2025 taxes can now open a Trump Account for children. The IRS allows a $1,000 federal seed contribution using Form 4547. Eligible kids under 18 gain tax-deferred investment access, early-use flexibility, and long-term financial growth, as Washington pushes family savings amid global economic uncertainty.