House Ways and Means Committee (passed on May 14, 2025): The Ways and Means Committee went through formal debate on the bill, ...

Some pro-family advocates are disappointed that the budget space dedicated to the “MAGA” savings accounts included in the ...

Key Points ・MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited ...

Republicans continue to make progress on President Donald Trump’s big bill of tax breaks, spending cuts and beefed-up border ...

Unfortunately, the downfalls in the House GOP plan continue.

The federal government could auto-enroll your kid in a tax-advantaged ‘MAGA savings account’ if the latest House GOP tax plan ...

One of the more interesting proposals in the new spending bill is the idea of creating a $1,000 savings account for every ...

A new tax bill introduced in Congress aims to create MAGA savings accounts for kids. But what are they and how would they ...

CNBC Select will update as changes are made public. A key feature to look out for when shopping for a savings account is no banking fees. After all, that takes away from the money you can save.

CNBC Select will update as changes are made public. With a high-yield savings account, you can get a solid interest rate and your money grows even faster thanks to compound interest — which lets ...

The Universal Savings Account Act, sponsored by Rep. Diana Harshbarger (R-TN) in the House and Sen. Ted Cruz (R-TX) in the Senate, is designed to encourage taxpayers to save by simplifying the ...

Learn how these common accounts compare (and why you should probably use both) Checking and savings accounts share a host of similarities. They’re both relatively accessible to the average ...