politics
New tax-advantaged accounts for children begin accepting contributions July 4
The accounts provide a $1,000 Treasury deposit for eligible newborns and allow contributions from parents and employers. They cover children born between January 1, 2025, and December 31, 2028.
Jul 3, 5:30 PM·1m read4 sources
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A new type of tax-advantaged investment account for children will begin accepting contributions on July 4. The accounts include a one-time $1,000 deposit from the Treasury for eligible newborns. The accounts are available to American children born between January 1, 2025, and December 31, 2028. Parents, employers, and other contributors may add funds starting July 4.
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