Trump Account Election(s)

Forms and Documents

Document	Type	Status	Availability
Form 8879-TA IRS e-file Signature Authorization for Form 4547, Trump Account Election(s)	Form and Instruction	Modified	Available
Form 4547 Trump Account Election(s) -Spanish print	Form and Instruction	Modified	Available
Form 4547 Trump Account Election(s)	Form and Instruction	Modified	Available
Wendy Walker comment rcvd 1-05-26.pdf	Public Comments	Uploaded 2026-01-05	Available
2026 Supporting Statement 1514-2336.docx	Supporting Statement A	Uploaded 2026-06-16	Available
Jim Crain comment rcvd 1-25-26.pdf	Public Comments	Uploaded 2026-01-25	Available
Daniel Coyle comment rcvd 1-25-26.pdf	Public Comments	Uploaded 2026-01-25	Available
Notice 2025-68.pdf	Supplementary Document	Uploaded 2025-12-03	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
278057	IRS e-file Signature Authorization for Form 4547, Trump Account Election(s)	Form and Instruction	Modified	IRS e-file Signature Authorization for Form 4547, Trump Account Election(s)
278056	Trump Account Election(s)	Form and Instruction	Modified	Trump Account Election(s) -Spanish print
278056	Trump Account Election(s)	Form and Instruction	Modified	Trump Account Election(s)

ICR Details

OMB Control No: 1545-2336	ICR Reference No: 202603-1545-001
Status: Received in OIRA	Previous ICR Reference No: 202511-1545-006
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Trump Account Election(s)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/30/2026

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2026
Responses	85,000,000	85,000,000
Time Burden (Hours)	64,850,000	64,850,000
Cost Burden (Dollars)	0	0

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Abstract: Section 70204 of the One Big Beautiful Bill, P.L.119-21 established "Trump Accounts," a new type of tax-advantaged savings account for children. These accounts are for children under 18. Form 4547 and Form 8879-TA will be used to make the elections to establish the accounts.

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Authorizing Statute(s): PL: Pub.L. 119 - 21 70204 Name of Law: One Big Beautiful Bill
  

Citations for New Statutory Requirements: PL: Pub.L. 119 - 21 70204 Name of Law: One Big Beautiful Bill

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 329	01/05/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 39720	06/30/2026
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
IRS e-file Signature Authorization for Form 4547, Trump Account Election(s)	8879-TA	IRS e-file Signature Authorization for Form 4547, Trump Account Election(s)
Trump Account Election(s)	4547, 4547	Trump Account Election(s) ,   Trump Account Election(s) -Spanish print

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	85,000,000	85,000,000	0	0	0	0
Annual Time Burden (Hours)	64,850,000	64,850,000	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $47,196

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/30/2026

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