OMB control number

Trump Accounts Qualified Class Contribution Application

OMB 1505-0285 · TREAS/DO.

OMB 1505-0285

Section 70204 of the One, Big, Beautiful Bill Act (OBBBA), Public Law 119-21, added section 530A and related provisions to the Internal Revenue Code (IRC), establishing Trump Accounts as a new category of traditional individual retirement account for eligible individuals under age 18. IRC section 530A(f) authorizes certain governmental entities and organizations described in section 501(c)(3) to make donor contributions benefiting Trump Account beneficiaries under specified statutory conditions. The statute authorizes multiple contribution structures, including: • Contributions benefiting all eligible Trump Account beneficiaries nationwide; and • Contributions benefiting statutorily permitted qualified classes, including specified birth-year classes and statewide classes. Treasury is responsible for administering these contribution structures, including reviewing donor eligibility, validating contribution structures, coordinating receipt and distribution of funds, and ensuring compliance with statutory limitations and operational requirements. This information collection request (ICR) covers the reporting burden associated with preparing and submitting the application. The information will also be used to support execution of contribution agreements between Treasury and approved donor entities.

The latest form for Trump Accounts Qualified Class Contribution Application expires 2026-12-31 and can be found here.

REPLACE INTO tbl_reginfo_omb_history (`ombControlNo`, `refNbr`, `PraType`, `requestType`, `dateReceived`, `conclusionDate`, `conclusionAction`, `openNOA`) VALUES (:ombControlNo, :refNbr, :PraType, :requestType, :dateReceived, :conclusionDate, :conclusionAction, :openNOA)

Array
(
    [ombControlNo] => 1505-0285
    [refNbr] => 202607-1505-001
    [PraType] => ICR
    [requestType] => New collection (Request for a new OMB Control Number)
    [dateReceived] => 2026-07-02
    [conclusionDate] => 2026-07-02
    [conclusionAction] => Approved without change
    [openNOA] => Approved without change
)

Error!HY000-1366-Incorrect integer value: 'Approved without change' for column 'openNOA' at row 1