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What the GOP's MAGA account pitch means for young kids' parents

May 19, 2025
What the GOP's MAGA account pitch means for young kids' parents
Leo Almazora, Investment News, May 19, 2025
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A proposal to create tax-advantaged investment accounts for children has been included in the House GOP’s broader tax package aimed at reinforcing and extending parts of former President Donald Trump’s 2017 tax law.

The provision for MAGA accounts – shorthand for “money account for growth and advancement” – would establish custodial investment accounts for children under age eight, starting with those born in 2025.

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