What is a Trump Account (530A)? President Trump’s $1,000 newborn initiative is now active. Know about the 2025-2028 birth window, IRS Form 4547, and if children of Indian expats qualify for the federal seed money. What is a Trump Account (530A)? President Trump’s $1,000 newborn initiative is now active. Know about the 2025-2028 birth window, IRS Form 4547, and if children of Indian expats qualify for the federal seed money.