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Trump Accounts
I want to get ahead of the Trump Accounts (Section 530A) opening in July 2026.
My understanding is that we would have to fill Form 4547 in the Tax return 2025 for both cases: new born eligible for the $1000 but child not eligible to have the ability to contribute the $5000 per year.
I also just learned that S-Corp could contribute $2500 and this sounds to me like a very relevant deduction.
Any thoughts? Is that correct?
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Trump Accounts
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