A Look at the $1,000 Baby Bonus in the OBBBA

Let’s take a closer look at a provision in the OBBBA that promises a $1,000 federal contribution for every child born between January 1, 2024, and December 31, 2028. Yep, you heard that right: every baby born during that five-year stretch gets what’s being dubbed a “MAGA account,” kickstarted with a cool grand courtesy of…