Parents putting money in ‘Trump accounts’ could get a $2,500 tax break. Here’s how.

A proposed Treasury Department rule would allow parents to contribute to tax-advantaged savings accounts for their children and receive a $2,500 tax credit per child, according to the rule's framework. The mechanism functions similarly to a Roth conversion, permitting after-tax contributions that grow tax-free. Eligibility and contribution limits would be determined by final Treasury regulations, which have not yet been published.

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