Uncle Sam's New Tax-Free Piggy Bank Sparks Savings Showdown
Key Points
- Congress is proposing Tax-Free Universal Savings Accounts (U...
Looking to stash your cash where the taxman can't touch it? Congress just dropped a financial mixtape featuring their hottest new track: Tax-Free Universal Savings Accounts (USAs). But before you start making it rain into these shiny new accounts, let's see if they're really worth ghosting your trusty high-yield savings account (HYSA) for.
Tax-Free or Not Tax-Free, That Is The Question
Congress's proposed USAs are flaunting their tax-free status like a peacock at a pigeon convention. For the mathematically inclined (or those who just love watching their money grow), these accounts could ...
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