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1 bill on this topic
“The government should create tax-advantaged savings accounts for children to promote long-term financial security.”
1 bill on this topic
“Families should be able to use a new tax-preferred investment account for one named beneficiary, and some custodial accounts or insurance annuity contracts should be able to qualify if they meet the account standards.”
1 bill on this topic
“People should be able to put only cash into the account, regular contributions for one beneficiary should be capped at $5,000 a year with inflation increases after 2026, and extra contributions above the limit should face a tax penalty.”
1 bill on this topic
“Account money should be invested only in approved mutual funds or exchange-traded funds that track the S&P 500 index, with Treasury able to set added standards for which funds qualify.”
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