The prompt to add Form 4547 to your return will not appear until the final stages of filing and after you have entered your direct deposit info and after the "Review Your Federal Filing Choices screen."
Form 4547 is used to initiate the "Trump Account", with contributions that will start in July 2026. The Trump Account is for children under 18 with a valid SSN. The contribution is a $1,000 contribution for children born between Jan 1, 2025, and Dec 31, 2028.
If you cannot add Form 4547 to your return in TurboTax, first, ensure that your TurboTax software is updated.
TurboTax Online updates for new tax laws and other features, but they are done automatically in your web browser. You do not have to manually update like in TurboTax desktop software.
If you are using TurboTax Desktop, you can manually check for updates for your TurboTax program by clicking on "Online" in the black bar near the top of your screen and selecting "Check for Updates."
Click here for The $1,000 Head Start: Is Your Child Eligible for the New Savings Account?
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