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Trump-Backed Tax Bill Would Expand Child Tax Credit, Establish ‘MAGA Accounts’ for Kids

Summary by CPA Practice Advisor
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
DisclaimerThis story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.

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CPA Practice AdvisorCPA Practice Advisor

Trump-Backed Tax Bill Would Expand Child Tax Credit, Establish ‘MAGA Accounts’ for Kids

An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”

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CPA Practice Advisor broke the news in on Friday, May 16, 2025.
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