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American Federation for Children
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- 1Treasury Issues Guidance on Education Freedom Tax Credit▼AFC Celebrates New Treasury Guidance, Citing Major Step Forward for the Education Freedom Tax Credit
The American Federation for Children is celebrating new guidance from the US Treasury Department, calling it a major step forward for the Education Freedom Tax Credit. The school choice advocacy group says the guidance clears the way for families to use the tax credit for educational options, and supporters are framing the move as a milestone for expanding education freedom nationwide.
- 2Trump Accounts to be opened automatically for 60 million children●Trump Accounts will automatically be created for up to 60 million kids, Treasury says
The Treasury Department says so-called Trump Accounts will be created automatically for up to 60 million American children under the new federal savings program. The accounts, established through recent tax legislation, will give eligible children government-seeded investment accounts that families can build on over time. The announcement marks a major step in rolling out the program, which backers say will expand financial security for a new generation.