Floyd Financial Group

Floyd Financial Group

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01/18/2026

πŸš¨πŸ””πŸš¨πŸ””Facts about the Trump Account $1,000 πŸš¨πŸ””πŸš¨πŸ””

βœ… This is NOT an extra $1,000 added to your tax refund
βœ… You will NOT get an extra $1,000 back when you file your taxes
βœ… Your tax preparer cannot β€œadd it” to your return
βœ… This is NOT the Child Tax Credit and it does not increase your refund
βœ… This is a government-supported investment account for kids born between January 1, 2025 and December 31, 2028
βœ… The government will deposit a one time $1,000 into the child’s Trump Account (if the child is a U.S. citizen with a valid Social Security number)
βœ… The $1,000 goes into a special savings/investment account
βœ… It is meant to sit and grow over time through investing
βœ… The money cannot be withdrawn right away
βœ… Parents cannot pull the $1,000 out early
βœ… A tax preparer cannot pull the $1,000 out either
βœ… The child typically cannot access the money until they are an adult (around age 18)

Bottom line
βœ… This is a long term wealth account for the child, not extra refund money today

Photos from Floyd Financial Group's post 12/30/2024

Frequently Asked Questions πŸ“ŒπŸ“ŒπŸ“Œ

12/29/2024

πŸ“£ TAX SEASON IS COMING! πŸ“£

It’s almost that time of year againβ€”TAX SEASON 2024! πŸŽ‰ Here are a few things to keep in mind as you prepare:

βœ… Make sure your documents are organized (W-2s, 1099s, etc.)

βœ… Review any major life changes from 2023 (marriage, new baby, etc.)

βœ… Need help filing? I’m here to make it stress-free!

Don’t wait until the last minuteβ€”let’s get ahead together! πŸ’ΌπŸ’°

Text: 706-872-6631 ☎️☎️

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Augusta, GA