Create Universal Savings Accounts
Department of the Treasury / Internal Revenue Service
Allow taxpayers to contribute up to $15,000 of post-tax earnings into Universal Savings Accounts with tax-free gains and withdrawals
"All taxpayers should be allowed to contribute up to $15,000 (adjusted for inflation) of post-tax earnings into Universal Savings Accounts (USAs)." – Project 2025History
Mon Jan 20 2025
Initial analysis
Disruptive Potential
LOW
Voluntary program that would provide additional savings options without disrupting existing accounts
Status
Planned
References
Related Initiatives
4 initiatives
Office of Personnel Management / Compensation and Benefits
Reform Federal Pay and Benefits In Progress
HIGH
Department of the Treasury / Internal Revenue Service
Simplify Tax Code with Two-Rate System
HIGH
Department of Labor / Employee Benefits Security Administration
ESG Investment Restrictions
MODERATE
Department of the Treasury / Internal Revenue Service
Repeal Inflation Reduction Act Tax Provisions
MODERATE