David Perez
Coverage of David Perez in the Nexus archive.
- Trump Accounts officially launch July 4; here's what parents need to know
Trump Accounts, also known as 530A accounts, launch on July 4, allowing parents to contribute to children's savings. Eligible children receive a $1,000 government deposit, with contributions capped at $5,000 annually per child. Withdrawals are restricted until the child turns 18, and the program is part of the One Big Beautiful Bill.
- Trump accounts: What parents need to know about the new savings program
Trump Accounts, a new tax-advantaged IRA program starting in July, provides families with a $1,000 initial balance to save for children's futures. Parents with children under 18 can open accounts, with seed money available for children born between 2026. The program combines features of 529 plans and traditional IRAs, allowing funds to be used for various financial goals, and projections suggest significant growth by retirement.
- WATCH: What happens if you miss the tax deadline and what is the penalty?
The article discusses the consequences of missing the tax deadline and associated penalties, with David Perez, CEO of Tax Maverick, addressing tax-related questions as Tax Day approaches. Perez, an enrolled agent and best-selling author, provides insights into tax compliance and potential penalties for late filings.