My Tax Law Special Report for August has been posted in the publications section at deconcinimcdonald.com. It’s about tax-exempt savings vehicles, and focuses on a new proposal for universal savings accounts (USAs). USAs would be essentially similar to Coverdell ESAs (education savings accounts), but without the limitations on the purposes for which withdrawals may be used. It’s not an ideal proposal, and it won’t help with tax simplification, but it’s a step in the right direction for people who want to save.
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