How US parents can sign up to claim $1,000

A new U.S. bill introduces a $1,000 payment for children born between January 1, 2025, and December 1, 2028. This period closely matches Donald Trump’s second presidential term, which ends in January 2029.

The policy is expected to begin on July 4, aligning with Independence Day celebrations across the country. It is included in Trump’s “big, beautiful bill” and is described as a pro-family initiative.

According to the plan, the money will be placed in a “Trump Account” opened in the child’s name. The account will follow the overall stock market through an index fund funded by the U.S. Treasury.

Parents will be allowed to add up to $5,000 each year to help grow the account’s value over time. Since the fund depends on stock market performance, the balance may rise or fall.

Families can apply for the account during tax filing using IRS Form 4547, a number linked to Trump being both the 45th and 47th president. Another option is registration through TrumpAccounts.gov.

The account will remain locked until the child turns 18. At that age, the funds become available, although withdrawal is not required immediately. Only eligible babies can receive the one-time $1,000 bonus.

Around 50 companies and organizations are connected to the program, including major names like Bank of America, BlackRock, JPMorgan Chase & Co., Nvidia, and Visa.