Trump Account Election(s)

Forms and Documents

Document Name	Status
Form 8879-TA IRS e-file Signature Authorization for Form 4547, Trump Account Election(s) Form and Instruction	New
Form 4547 Trump Account Election(s) Form	New
Notice 2025-68.pdf Supplementary Document	2025-12-03
1545-2336 Emergency Justification 2025-12-22 (Trump Accounts).docx Supplementary Document	2025-12-22
1545-2336 Supporting Statement 2025-12-22 (Trump Accounts).docx Supporting Statement A	2025-12-22

IC Document Collections

IC ID	Document Title	Status
278057	IRS e-file Signature Authorization for Form 4547, Trump Account Election(s) Form and Instruction	New
278056	Trump Account Election(s) Form	New

ICR Details

OMB Control No: 1545-2336	ICR Reference No: 202511-1545-006
Status: Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Trump Account Election(s)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/23/2025
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/22/2025
	Date Received in OIRA: 12/22/2025
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2026	6 Months From Approved
Responses	85,000,000	0	0
Time Burden (Hours)	64,850,000	0	0
Cost Burden (Dollars)	0	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.

Emergency Justfication: The Department of the Treasury and the Internal Revenue Service (IRS) request the creation of OMB Control Number 1545-NEW, Form 4547, Trump Account Election(s) under emergency procedures in connection with provisions of sections 70204 of Public Law 119-21, commonly known as the One, Big, Beautiful Bill Act (OBBBA). The IRS needs to publish Form 4547 and Form 8879-TA before December 31, 2025, so that parents, guardians, and other authorized individuals can elect under section 530A to establish a Trump account for the benefit of an eligible individual and, if applicable, elect under section 6434 to receive a pilot program contribution to the Trump account as soon as sections 530A and 6434 are effective (January 1, 2026). Following normal Paperwork Reduction Act clearance procedures would thus result in harm to children eligible to benefit from a Trump account or pilot program contribution because they would be unable to submit their elections starting January 1, 2026. Therefore, due to the extraordinary circumstances and statutory deadlines for implementing the sections 530A and 6434, the Treasury and IRS request emergency processing of this information collection request by December 23, 2025.

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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

Did the Agency receive public comments on this ICR? No

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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	Trump Account Election(s)

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ICR Summary of Burden

	Total Approved	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	0	85,000,000	0	0	0
Annual Time Burden (Hours)	64,850,000	0	64,850,000	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: This is a new paperwork burden approval. Based on the new statute, the burden for this collection will increase by an estimated 85 million responses and 64.85 million hours.

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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: 12/22/2025

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