The GOP is proposing $1,000 ‘MAGA’ savings accounts for kids. Here’s how they would stack up next to existing investment options
Monday, 19 May 2025 ()
Republicans are proposing the creation of a new tax-preferred savings account for children dubbed the "money account for growth and advancement," or MAGA account, in their "one big beautiful" tax bill. The proposal calls for giving $1,000 to children born between 2025 and 2028 to kickstart…
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