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Form 4547

Coverage of Form 4547 in the Nexus archive.

Earliest in view: Aug 3 · 18:00 UTCMost recent: Aug 3 · 18:00 UTC
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  • BUSINESSAug 3 · 18:00 UTCWAFB BATON ROUGE
    How Trump Accounts work and who qualifies for the $1,000 federal deposit

    The U.S. Treasury, in partnership with Robinhood and BNY Mellon, launched Trump Accounts on July 4, providing eligible children born between 2025 and 2028 with a $1,000 federal deposit into tax-advantaged investment accounts. Parents can contribute up to $5,000 annually per child, with employer contributions capped at $2,500, and tax service providers assist in initiating account setup through Form 4547.

Form 4547 · Dossier · The Nexus