Pets Are Family. Plan for Them.
May 7, 2026

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IRS Issues Guidance on Section 530A Accounts

IRS Issues Guidance on Section 530A Accounts

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts can be established for children under age 18 who have a Social Security Number (SSN). Contributions to properly established accounts can...

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