Consultant at Tax Lab Inc
6 mo
Trump Accounts: One Big Beautiful Bill Unpacking the "One Big Beautiful Bill"? Our latest video, "Trump Accounts: One Big Beautiful Bill," is your guide to understanding these new savings opportunities for children! We dive into the good, the bad, and the often-confusing details of Trump Accounts, simplifying the jargon so you can make informed decisions for your child's financial future. Discover: 1. Who is eligible to be a beneficiary, including special eligibility for children born 2025-2029. 2. How your non-deductible personal contributions (up to $5,000/year) work, and why the principal isn't taxed later. 3. The surprising benefits of employer contributions (up to $2,500), which are...