20 Jul TRUMP ACCOUNTS – IMPACT ON REPORTING GIFT TAX AND PUBLIC BENEFITS
Posted at 09:00h
in Estate Planning, Michael Cohen Dallas Elder Lawyer, Public Benefits Protection, Special Needs, Special Needs Trust, Taxes
As part of the One Big Beautiful Bill, the U.S. government is permitting the establishment of Trump accounts whereby the government will give $1000 to children born in the U.S. on or after January 1, 2025 until January 1, 2029. Others can generally contribute up...