{"id":244658,"date":"2025-05-17T04:44:28","date_gmt":"2025-05-17T04:44:28","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/maga-accounts-and-a-1000-baby-bonus-what-to-know\/"},"modified":"2025-05-17T04:44:28","modified_gmt":"2025-05-17T04:44:28","slug":"maga-accounts-and-a-1000-baby-bonus-what-to-know","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=244658","title":{"rendered":"MAGA Accounts And A $1,000 Baby Bonus: What To Know"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div class=\"thrv_wrapper thrv-columns\" style=\"--tcb-col-el-width: 880\" data-css=\"tve-u-196d64cf27d\" data-type=\"\">\n<div class=\"tcb-flex-row v-2 tcb--cols--1\" data-css=\"tve-u-196d64cf27e\">\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf27b\">\n<div class=\"tcb-col\">\n<div class=\"thrv_wrapper tve_image_caption\" data-css=\"tve-u-196d64cf282\"><span class=\"tve_image_frame\"><img decoding=\"async\" class=\"tve_image tcb-moved-image wp-image-57941\" alt=\"Donald Trump speaks to several thousand supporters at a rally in Atlanta, Georgia. Photo by actionsports\" data-id=\"57941\" width=\"880\" data-init-width=\"1800\" height=\"587\" data-init-height=\"1200\" title=\"Maga Accounts\" loading=\"lazy\" src=\"https:\/\/thecollegeinvestor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\" data-width=\"880\" data-height=\"587\" style=\"aspect-ratio: auto 1800 \/ 1200\" data-css=\"tve-u-196d64d08a4\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad\" data-css=\"tve-u-196d64cf27f\" data-type=\"\">\n<div class=\"tve-content-box-background\" data-css=\"tve-u-196d64cf277\" style=\"--tve-border-width: 3px\"><\/div>\n<div class=\"tve-cb\">\n<div class=\"thrv_wrapper thrv-columns\" style=\"--tcb-col-el-width: 840\" data-css=\"tve-u-196d64cf280\">\n<div class=\"tcb-flex-row v-2 tcb--cols--2 tcb-resized\" data-css=\"tve-u-196d64cf281\">\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf278\">\n<div class=\"tcb-col\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p style=\"text-align: center\" data-css=\"tve-u-196d64cf27a\"><strong>Key Points<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf279\">\n<div class=\"tcb-col\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<ul class=\"\">\n<li>MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited to index fund investments.<\/li>\n<li>The accounts would allow tax-advantaged withdrawals for college, training, small business use, or a first-time home purchase, but offer limited tax benefits compared to 529 plans.<\/li>\n<li>A pilot program includes a $1,000 federal seed deposit for qualifying children born from 2025 through 2028.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"thrv_wrapper thrv_text_element\" data-type=\"\" data-css=\"tve-u-196d64cf31a\">\n<p>A new savings account for American families is being proposed, and it comes with both political branding and a narrower tax benefit than existing options.<\/p>\n<p>The MAGA account, short for Money Account for Growth and Advancement, is part of the <a href=\"https:\/\/thecollegeinvestor.com\/57853\/house-tax-bill-adds-maga-accounts-and-expands-529-plans\/\" target=\"_blank\" class=\"\">House Ways and Means Committee&rsquo;s recently advanced budget legislation<\/a>.<\/p>\n<p>The program is designed to encourage families to save early for children&rsquo;s futures, whether for education, small business investments, or homeownership. But while the proposed account adds flexibility around how funds can eventually be used, it does not offer the same level of <a href=\"https:\/\/thecollegeinvestor.com\/32733\/state-529-plan-tax-deduction\/\" target=\"_blank\" class=\"\">tax advantages as existing 529 plans<\/a>.<\/p>\n<p>Supporters tout the plan as a patriotic tool to build generational wealth, but we note the limited tax benefits and tighter withdrawal rules. Still, with a proposed initial deposit of $1,000 for eligible newborns between 2025 and 2028, it may find traction among parents looking for an early boost in savings.<\/p>\n<\/div>\n<div class=\"thrv_wrapper tve_wp_shortcode\" data-css=\"tve-u-196d64f3b1f\">\n<div class=\"tve_shortcode_raw\"><\/div>\n<div class=\"tve_shortcode_rendered\">\n<p style=\"text-align: center\">\n<div class=\"dpsp-email-save-this-tool dpsp-email-save-this-shortcode\" style=\"background-color: #ffffff\">\n<div class=\"hubbub-save-this-form-wrapper\">\n<h3 class=\"hubbub-save-this-heading\">Would you like to save this?<\/h3>\n<div class=\"hubbub-save-this-message\">\n<p>We&#8217;ll email this article to you, so you can come back to it later!<\/p>\n<\/div>\n<div class=\"hubbub-save-this-form-only-wrapper\">\n<p class=\"hubbub-save-this-emailaddress-paragraph-wrapper\">\n<p class=\"hubbub-save-this-consent-paragraph-wrapper\"> <label for=\"hubbub-save-this-consent\">I agree to be sent email.<\/label><\/p>\n<p class=\"hubbub-save-this-submit-button-paragraph-wrapper\">\n<\/p><\/div>\n<\/div><\/div>\n<\/div>\n<\/div>\n<div class=\"thrv_wrapper thrv_text_element\" data-type=\"\" data-css=\"tve-u-196d64cf31b\">\n<h2 class=\"\">How MAGA Accounts Would Work<\/h2>\n<p>MAGA accounts would be restricted to children under age 8 and managed by banks or investment firms. Parents, legal guardians, or certain nonprofits could contribute up to $5,000 per year, with that limit adjusted for inflation in future years.<\/p>\n<p>Investments would be restricted to U.S. <a href=\"https:\/\/thecollegeinvestor.com\/37486\/what-is-an-index-fund\/\" target=\"_blank\" class=\"\">stock indexes<\/a>, ruling out international diversification or actively managed funds.<\/p>\n<p>The funds would not be accessible until the beneficiary turns 18. Even then, withdrawals between ages 18 and 25 would be limited to half of the account&rsquo;s balance at age 18.<\/p>\n<p>If the funds are used for qualified expenses (which include <a href=\"https:\/\/thecollegeinvestor.com\/18450\/qualified-expenses-529-plan\/\" target=\"_blank\" class=\"\">higher education<\/a>, postsecondary credentials, small business or farming costs, or a first-time home purchase) the earnings would be taxed at <a href=\"https:\/\/thecollegeinvestor.com\/23577\/capital-gains-tax-brackets\/\" target=\"_blank\" class=\"\">capital gains rates<\/a>.&nbsp;<\/p>\n<p>Non-qualified withdrawals before age 30 would trigger ordinary income tax on the earnings and a 10% penalty.<\/p>\n<p>If unused by age 31, the account would be considered fully distributed to the beneficiary.<\/p>\n<\/div>\n<div class=\"thrv_wrapper thrv_text_element\" data-type=\"\" data-css=\"tve-u-196d64cf31c\">\n<h2 class=\"\">How These Compare To 529 Plans And UGMA\/UTMA Accounts<\/h2>\n<p>The MAGA account structure blends elements of both <a href=\"https:\/\/thecollegeinvestor.com\/43783\/how-529-plans-work\/\" target=\"_blank\" class=\"\">529 plans<\/a> and <a href=\"https:\/\/thecollegeinvestor.com\/42136\/pros-cons-uniform-gift-to-minors-act\/\" target=\"_blank\" class=\"\">Uniform Transfers to Minors Act (UTMA) or Uniform Gifts to Minors Act (UGMA) accounts<\/a>, but it doesn&rsquo;t fully replicate either.<\/p>\n<p>Unlike 529 plans, which grow tax-free and allow tax-free withdrawals for <a href=\"https:\/\/thecollegeinvestor.com\/18450\/qualified-expenses-529-plan\/\" target=\"_blank\" class=\"\">qualified education expenses<\/a>, MAGA account earnings would still be subject to capital gains taxes, even on qualified withdrawals. For non-educational qualified expenses like home purchases or small business startup costs, 529 plans do not offer any tax-deferred access. This is where MAGA accounts broaden the scope of allowable use.<\/p>\n<p><a href=\"https:\/\/thecollegeinvestor.com\/38421\/best-custodial-investment-accounts\/\" target=\"_blank\">Custodial investment accounts<\/a> (UTMA and UGMA accounts) provide broader flexibility for both investment choices and spending, but don&rsquo;t have any tax-preferred treatment beyond standard investment accounts. Earnings over $2,500 in unearned income are subject to the &ldquo;<a href=\"https:\/\/thecollegeinvestor.com\/35257\/what-is-the-kiddie-tax\/\" target=\"_blank\" class=\"\">kiddie tax<\/a>,&rdquo; at the parent&rsquo;s tax rate.<\/p>\n<p>Compared to those accounts, MAGA accounts offer a middle ground: more restrictions than UTMA\/UGMA accounts, but with more flexibility than <a href=\"https:\/\/thecollegeinvestor.com\/529-plan-and-college-savings-statistics\/\" target=\"_blank\">traditional 529s<\/a>.<\/p>\n<\/div>\n<div class=\"thrv_wrapper thrv_table tcb-fixed\" data-ct-name=\"Blank Table\" data-ct=\"table--1\" data-element-name=\"Table\" data-css=\"tve-u-196d6524bf2\">\n<table data-rows=\"12\" data-cols=\"4\" class=\"tve_table tcb-fixed tve_table_flat\" data-css=\"tve-u-196d6523a7d\" data-v=\"middle\" style=\"--tve-border-width: 2px\">\n<thead>\n<tr class=\"tve_table_row\">\n<th class=\"tve_table_cell\" data-css=\"tve-u-196d65c6182\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d6526f32\">\n<p data-css=\"tve-u-196d6526f09\"><strong>Feature<\/strong><\/p>\n<\/div>\n<\/th>\n<th class=\"tve_table_cell\" data-css=\"tve-u-196d65c6183\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-196d6527f14\"><strong>MAGA Account<\/strong><\/p>\n<\/div>\n<\/th>\n<th class=\"tve_table_cell\" data-css=\"tve-u-196d65c6184\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-196d65294e4\"><strong>UGMA\/UTMA<\/strong><\/p>\n<\/div>\n<\/th>\n<th class=\"tve_table_cell\" data-css=\"tve-u-196d65c6185\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-196d652a579\"><strong>529 Plan<\/strong><\/p>\n<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6186\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Who Can Open<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6187\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Parent or Guardian For Child Under 8<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6188\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Parent or Guardian For Minor&nbsp;<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6189\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Anyone<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c618b\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Ownership<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c618c\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Owned by Child<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c618d\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Owned by Child<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c618e\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Owned by Account Owner<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c618f\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Age And Access Restrictions<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6190\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Must Open Before 8 Years Old<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6191\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Open For A Minor<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6192\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">None<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6193\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Annual Contribution Limits<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6194\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">$5,000 <\/p>\n<p data-css=\"tve-u-196d652b6a8\">(will adjust for inflation)<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6195\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">No Limits<br \/>(subject to gift tax rules)<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6196\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">$19,000<\/p>\n<p data-css=\"tve-u-196d652b6a8\">(subject to gift tax rules)<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6198\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Investment Options<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c6199\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Limited to broad U.S. index funds<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c619a\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Anything<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" data-css=\"tve-u-196d65c619b\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Limited to plan-specific portfolios, usually mutual funds or ETFs<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c619c\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Access To Funds<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c619d\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">No Access to Funds Under 18, 50% Access Between 18-25<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c619e\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Custodian Controls Until Age of Majority (18 or 21)<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c619f\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Account Owner Controls Access, No Age Restrictions<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a0\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Qualified Expenses<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a1\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Higher education, training, first-time home, small business\/farm<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a2\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Anything<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a3\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Higher education, K&ndash;12 tuition (up to $10,000\/year), student loan repayment (limited)<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a4\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Tax Treatment Of Qualified Expenses<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a6\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Capital gains tax on earnings for qualified use<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a7\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Earnings over $2,500 taxed at parent&rsquo;s rate (kiddie tax)<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a8\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Earnings grow tax-free; tax-free withdrawals for qualified education expenses<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61a9\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Tax Treatment of Non-Qualified Expenses<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61aa\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Ordinary income tax + 10% penalty on earnings<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61ab\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Earnings over $2,500 taxed at parent&rsquo;s rate (kiddie tax)<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61ac\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p>Ordinary income tax + 10% penalty on earnings + state tax on earnings<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61ad\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Impact On Financial Aid<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61ae\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Student Asset<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61af\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Student Asset<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61b0\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Parent Asset<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<tr class=\"tve_table_row\">\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61b1\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\"><strong>Seed Money<\/strong><\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61b3\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Proposed $1,000 Baby Bonus For Children Born 2025-2028<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61b4\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">None<\/p>\n<\/div>\n<\/td>\n<td class=\"tve_table_cell\" rowspan=\"1\" colspan=\"1\" data-css=\"tve-u-196d65c61b5\">\n<div class=\"thrv_wrapper thrv_text_element\" data-css=\"tve-u-196d652b6c2\">\n<p data-css=\"tve-u-196d652b6a8\">Some states offer seed money bonuses<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"thrv_wrapper thrv_text_element\" data-type=\"\" data-css=\"tve-u-196d64cf31d\">\n<h2 class=\"\">Could The $1,000 &#8220;Baby Bonus&#8221; Happen?<\/h2>\n<p>The proposal also includes a pilot program offering a $1,000 federal contribution to qualifying MAGA accounts opened for children born between 2025 and 2028. These contributions would not count toward the annual $5,000 cap and would come from federal funds rather than family contributions.<\/p>\n<p>Whether this baby bonus becomes law will depend on broader budget negotiations. Lawmakers have not yet detailed how many families would qualify or whether any income thresholds would apply. The proposed $1,000 deposit echoes past child savings account ideas floated by both Democrats and Republicans, but implementation has always been a hurdle due to cost and administrative complexity.<\/p>\n<p>Still, a federally seeded account at birth could make a meaningful difference over time, especially for lower-income families who might struggle to save. But without <a href=\"https:\/\/thecollegeinvestor.com\/42492\/best-529-plans\/\" target=\"_blank\" class=\"\">tax-free growth or distribution like a 529 plan<\/a>, the return on investment may be lower in the long run.<\/p>\n<p>It&#8217;s still a question of why add this new account and complexity? It&#8217;s possible to achieve the same goals by expanding the qualified expenses of a 529 plan and seeding funding those accounts. Remember the <a href=\"https:\/\/thecollegeinvestor.com\/37481\/coverdell-education-savings-accounts\/\" target=\"_blank\">Coverdell Account<\/a>? Adding new account types with limited use cases doesn&#8217;t make much sense.<\/p>\n<p><strong>Don&#8217;t Miss These Other Stories:<\/strong><\/p>\n<\/div>\n<div class=\"tcb-post-list tve-content-list thrv_wrapper\" data-type=\"\" data-pagination-type=\"none\" data-pages_near_current=\"2\" data-css=\"tve-u-196d64cf283\" data-no_posts_text=\"There are no posts to display.\" data-total_post_count=\"3\" data-total_sticky_count=\"0\" data-disabled-links=\"1\">\n<article id=\"post-57853\" class=\"post-57853 post type-post status-publish format-standard has-post-thumbnail category-news tag-529-plans tag-education tag-student-loans tag-taxes entry post-wrapper thrv_wrapper thrive-animated-item \" data-id=\"57853\" data-selector=\".post-wrapper\">@media (min-width: 300px){[data-css=&#8221;tve-u-196d64cf283&#8243;].tcb-post-list #post-57853 [data-css=&#8221;tve-u-196d64cf289&#8243;]{background-image: url(&#8220;https:\/\/thecollegeinvestor.com\/wp-content\/uploads\/2025\/05\/25133704581413-150&#215;150.jpg&#8221;) !important;}}<\/p>\n<div class=\"thrv_wrapper thrv-columns\" data-css=\"tve-u-196d64cf286\" style=\"--tcb-col-el-width: 260\">\n<div class=\"tcb-flex-row v-2 tcb-row-reversed-mobile tcb-resized tcb--cols--2\" data-css=\"tve-u-196d64cf285\">\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf284\">\n<div class=\"tcb-col\" style=\"max-width: 67%\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<h4 class=\"\"><span class=\"thrive-shortcode-content\" data-attr-link=\"1\" data-attr-rel=\"0\" data-attr-target=\"0\" data-extra_key=\"\" data-option-inline=\"1\" data-shortcode=\"tcb_post_title\" data-shortcode-name=\"Post title\" style=\"font-size: 18px !important\" data-attr-css=\"tve-u-196d64cf28e\" data-attr-static-link='{\"className\":\"\",\"href\":\"https:\/\/thecollegeinvestor.com\/41093\/average-student-loan-debt-by-state\/\",\"title\":\"Average Student Loan Debt By State In 2024\",\"data-css\":\"tve-u-196d64cf28e\",\"class\":\"\"}' data-css=\"tve-u-196d64cf28d\"><a href=\"https:\/\/thecollegeinvestor.com\/57853\/house-tax-bill-adds-maga-accounts-and-expands-529-plans\/\" title=\"House Tax Bill Adds MAGA Accounts And Expands 529 Plans\" data-css=\"tve-u-196d64cf28e\" class=\"\">House Tax Bill Adds MAGA Accounts And Expands 529 Plans<\/a><\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf287\">\n<div class=\"tcb-col\">\n<div class=\"tcb-clear\" data-css=\"tve-u-196d64cf28b\"><a href=\"https:\/\/thecollegeinvestor.com\/57853\/house-tax-bill-adds-maga-accounts-and-expands-529-plans\/\" class=\"tve-dynamic-link\" data-shortcode-id=\"57853\"><\/p>\n<div class=\"thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad tcb-local-vars-root\" data-css=\"tve-u-196d64cf288\">\n<div class=\"tve-content-box-background\" data-css=\"tve-u-196d64cf289\"><\/div>\n<div class=\"tve-cb\" data-css=\"tve-u-196d64cf28a\"><\/div>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tve-article-cover\"><a class=\"tcb-article-cover-link\" href=\"https:\/\/thecollegeinvestor.com\/57853\/house-tax-bill-adds-maga-accounts-and-expands-529-plans\/\">House Tax Bill Adds MAGA Accounts And Expands 529 Plans<\/a><\/div>\n<\/article>\n<article id=\"post-43783\" class=\"post-43783 post type-post status-publish format-standard has-post-thumbnail category-529-plan entry post-wrapper thrv_wrapper thrive-animated-item \" data-id=\"43783\" data-selector=\".post-wrapper\">@media (min-width: 300px){[data-css=&#8221;tve-u-196d64cf283&#8243;].tcb-post-list #post-43783 [data-css=&#8221;tve-u-196d64cf289&#8243;]{background-image: url(&#8220;https:\/\/thecollegeinvestor.com\/wp-content\/uploads\/2023\/09\/CollegeInvestor_1280x720_How_529_Plans_Work-150&#215;150.jpeg&#8221;) !important;}}<\/p>\n<div class=\"thrv_wrapper thrv-columns\" data-css=\"tve-u-196d64cf286\" style=\"--tcb-col-el-width: 260\">\n<div class=\"tcb-flex-row v-2 tcb-row-reversed-mobile tcb-resized tcb--cols--2\" data-css=\"tve-u-196d64cf285\">\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf284\">\n<div class=\"tcb-col\" style=\"max-width: 67%\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<h4 class=\"\"><span class=\"thrive-shortcode-content\" data-attr-link=\"1\" data-attr-rel=\"0\" data-attr-target=\"0\" data-extra_key=\"\" data-option-inline=\"1\" data-shortcode=\"tcb_post_title\" data-shortcode-name=\"Post title\" style=\"font-size: 18px !important\" data-attr-css=\"tve-u-196d64cf28e\" data-attr-static-link='{\"className\":\"\",\"href\":\"https:\/\/thecollegeinvestor.com\/41093\/average-student-loan-debt-by-state\/\",\"title\":\"Average Student Loan Debt By State In 2024\",\"data-css\":\"tve-u-196d64cf28e\",\"class\":\"\"}' data-css=\"tve-u-196d64cf28d\"><a href=\"https:\/\/thecollegeinvestor.com\/43783\/how-529-plans-work\/\" title=\"How 529 Plans Work (In Simple Terms)\" data-css=\"tve-u-196d64cf28e\" class=\"\">How 529 Plans Work (In Simple Terms)<\/a><\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf287\">\n<div class=\"tcb-col\">\n<div class=\"tcb-clear\" data-css=\"tve-u-196d64cf28b\"><a href=\"https:\/\/thecollegeinvestor.com\/43783\/how-529-plans-work\/\" class=\"tve-dynamic-link\" data-shortcode-id=\"57853\"><\/p>\n<div class=\"thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad tcb-local-vars-root\" data-css=\"tve-u-196d64cf288\">\n<div class=\"tve-content-box-background\" data-css=\"tve-u-196d64cf289\"><\/div>\n<div class=\"tve-cb\" data-css=\"tve-u-196d64cf28a\"><\/div>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tve-article-cover\"><a class=\"tcb-article-cover-link\" href=\"https:\/\/thecollegeinvestor.com\/43783\/how-529-plans-work\/\">How 529 Plans Work (In Simple Terms)<\/a><\/div>\n<\/article>\n<article id=\"post-38421\" class=\"post-38421 post type-post status-publish format-standard has-post-thumbnail category-investing entry post-wrapper thrv_wrapper thrive-animated-item \" data-id=\"38421\" data-selector=\".post-wrapper\">@media (min-width: 300px){[data-css=&#8221;tve-u-196d64cf283&#8243;].tcb-post-list #post-38421 [data-css=&#8221;tve-u-196d64cf289&#8243;]{background-image: url(&#8220;https:\/\/thecollegeinvestor.com\/wp-content\/uploads\/2021\/10\/WP_LOANSINVEST-150&#215;150.jpg&#8221;) !important;}}<\/p>\n<div class=\"thrv_wrapper thrv-columns\" data-css=\"tve-u-196d64cf286\" style=\"--tcb-col-el-width: 260\">\n<div class=\"tcb-flex-row v-2 tcb-row-reversed-mobile tcb-resized tcb--cols--2\" data-css=\"tve-u-196d64cf285\">\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf284\">\n<div class=\"tcb-col\" style=\"max-width: 67%\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<h4 class=\"\"><span class=\"thrive-shortcode-content\" data-attr-link=\"1\" data-attr-rel=\"0\" data-attr-target=\"0\" data-extra_key=\"\" data-option-inline=\"1\" data-shortcode=\"tcb_post_title\" data-shortcode-name=\"Post title\" style=\"font-size: 18px !important\" data-attr-css=\"tve-u-196d64cf28e\" data-attr-static-link='{\"className\":\"\",\"href\":\"https:\/\/thecollegeinvestor.com\/41093\/average-student-loan-debt-by-state\/\",\"title\":\"Average Student Loan Debt By State In 2024\",\"data-css\":\"tve-u-196d64cf28e\",\"class\":\"\"}' data-css=\"tve-u-196d64cf28d\"><a href=\"https:\/\/thecollegeinvestor.com\/38421\/best-custodial-investment-accounts\/\" title=\"Best Custodial Investment Accounts (UTMA and UGMA)\" data-css=\"tve-u-196d64cf28e\" class=\"\">Best Custodial Investment Accounts (UTMA and UGMA)<\/a><\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tcb-flex-col\" data-css=\"tve-u-196d64cf287\">\n<div class=\"tcb-col\">\n<div class=\"tcb-clear\" data-css=\"tve-u-196d64cf28b\"><a href=\"https:\/\/thecollegeinvestor.com\/38421\/best-custodial-investment-accounts\/\" class=\"tve-dynamic-link\" data-shortcode-id=\"57853\"><\/p>\n<div class=\"thrv_wrapper thrv_contentbox_shortcode thrv-content-box tve-elem-default-pad tcb-local-vars-root\" data-css=\"tve-u-196d64cf288\">\n<div class=\"tve-content-box-background\" data-css=\"tve-u-196d64cf289\"><\/div>\n<div class=\"tve-cb\" data-css=\"tve-u-196d64cf28a\"><\/div>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tve-article-cover\"><a class=\"tcb-article-cover-link\" href=\"https:\/\/thecollegeinvestor.com\/38421\/best-custodial-investment-accounts\/\">Best Custodial Investment Accounts (UTMA and UGMA)<\/a><\/div>\n<\/article>\n<\/div>\n<div class=\"tcb_flag\"><\/div>\n<div class=\"editor-reviewer\">\n<p><span class=\"edited-by\"><\/p>\n<p>      Editor: <a href=\"https:\/\/thecollegeinvestor.com\/author\/cgraves\/\">Colin Graves<\/a><\/span> <\/p>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/thecollegeinvestor.com\/57938\/maga-account\/\">MAGA Accounts And A $1,000 Baby Bonus: What To Know<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/thecollegeinvestor.com\">The College Investor<\/a>.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Key Points MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited to index fund investments. The accounts would allow tax-advantaged withdrawals for college, training, small business use, or a first-time home purchase, but offer limited tax benefits compared to 529 plans. A pilot program includes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":244659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[11074,2047,10942,16799],"dealstore":[],"offerexpiration":[],"class_list":["post-244658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-accounts","tag-baby","tag-bonus","tag-maga"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=244658\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"Key Points MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited to index fund investments. The accounts would allow tax-advantaged withdrawals for college, training, small business use, or a first-time home purchase, but offer limited tax benefits compared to 529 plans. A pilot program includes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=244658\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-17T04:44:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1800\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=244658#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"MAGA Accounts And A $1,000 Baby Bonus: What To Know\",\"datePublished\":\"2025-05-17T04:44:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658\"},\"wordCount\":1135,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\",\"keywords\":[\"Accounts\",\"Baby\",\"Bonus\",\"MAGA\"],\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=244658#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=244658\",\"url\":\"https:\/\/fivemor.com\/?p=244658\",\"name\":\"MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\",\"datePublished\":\"2025-05-17T04:44:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=244658#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=244658\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=244658#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg\",\"width\":1800,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=244658#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MAGA Accounts And A $1,000 Baby Bonus: What To Know\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=244658","og_locale":"en_US","og_type":"article","og_title":"MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network","og_description":"Key Points MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited to index fund investments. The accounts would allow tax-advantaged withdrawals for college, training, small business use, or a first-time home purchase, but offer limited tax benefits compared to 529 plans. A pilot program includes [&hellip;]","og_url":"https:\/\/fivemor.com\/?p=244658","og_site_name":"Som2ny Network","article_published_time":"2025-05-17T04:44:28+00:00","og_image":[{"width":1800,"height":1200,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=244658#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=244658"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"MAGA Accounts And A $1,000 Baby Bonus: What To Know","datePublished":"2025-05-17T04:44:28+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=244658"},"wordCount":1135,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=244658#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg","keywords":["Accounts","Baby","Bonus","MAGA"],"articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=244658#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=244658","url":"https:\/\/fivemor.com\/?p=244658","name":"MAGA Accounts And A $1,000 Baby Bonus: What To Know - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=244658#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=244658#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg","datePublished":"2025-05-17T04:44:28+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=244658#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=244658"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=244658#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2025\/05\/Maga-Accounts.jpg","width":1800,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=244658#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"MAGA Accounts And A $1,000 Baby Bonus: What To Know"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/244658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244658"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/244658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/244659"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244658"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=244658"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=244658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}