Money Accounts for Growth and Advancement Act

This bill would change the federal tax code to exempt “Money Accounts for Growth and Advancement” (MAGA accounts) from taxes. In plain terms, money kept in these accounts would not be taxed.

• Who is affected: People who use MAGA accounts
• What changes: Money in these accounts would be tax‑exempt under the federal tax code
• Why it matters: Users could owe less tax and keep more of their savings