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H.R.1 Would Create New Tax-Favored Savings Accounts for Children

By NAIFA on 7/15/25 10:38 AM

Included in H.R.1 as enacted into law are provisions that would create new tax-favored savings accounts (Trump accounts) for children. It also includes creation of a pilot program under which there would be a one-time government contribution to Trump accounts.

Topics: Legislation & Regulations Savings

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