Would You Use a $50K MAGA Fund? New Tax-Free Account Explained

Congress is proposing a bold new savings plan: the MAGA Account (Money Account for Growth and Advancement). It could allow you to contribute $50,000 tax-free to a child’s future — for school, a home, or even launching a business.But here’s the fine print...It could apply retroactively to 2025 — but expires after 2028.It doesn’t require a parent-child relationship.And it’s already raising eyebrows during election season.In this video, we spotlight:What the MAGA Fund is designed to doWho might qualify — and income restrictionsWhat the money can be used forWhy it’s politically timed — and potentially temporaryHow it compares to existing accounts like 529s and Roth IRAs💬 Would you open a MAGA Account for your kid — or your neighbor’s?🛡️ Audit-proof your gains and lower your crypto taxes → https://www.cryptotaxaudit.com📚 Start our Free Crypto Tax Course → https://www.youtube.com/playlist?list=PLlRL1XYAzH0lQlqJ4XIhHassQZHKGFVQK#MAGAFund #GOPTaxPlan #TaxFreeSavings #CryptoTaxAudit #IRS2025 #CryptoTaxStrategy #2025TaxBill

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