How US parents can sign up to claim $1,000 for children born between specific years

Under the plan, the funds will be deposited into what’s being called a “Trump Account,” opened in the child’s name and designed to track the overall stock market.

Parents will also have the option to contribute additional money to the account if they wish, allowing them to potentially increase its value over time.

Parents whose kids qualify for the scheme can sign up for the Trump Account during tax filings.

IRS Form 4547 would be utilized to register for the account – a reference to President Donald Trump being the 45th and 47th president.

An additional alternative to applying for the account is through TrumpAccounts.gov website, where applicants can fill in a form to set up the account.