Source: Law & Liberty
by Rachel Lu
“Starting this year, any US citizen under 18 qualifies for a 530A ‘Trump Account,’ sometimes referred to as a ‘Kid IRA.’ Parents, grandparents, or other loved ones can contribute up to $5000 per year, which will be tax-deferred until the child turns 18. The money will then be available to the child for major life events, such as going to college, buying their first home, or starting a small business. … It’s hard to say whether this will have any meaningful impact on birth rates, but it might be worth a try, because the other kind of family policy doesn’t seem to be working very well. Over the last ten years, the pronatal case for cradle-to-grave state largesse has become exceedingly weak.” (03/24/26)