Invest America Act creates tax-exempt invest America accounts for eligible individuals, with federal contributions and specific tax treatments.
The Invest America Act amends the Internal Revenue Code to establish invest America accounts, which are trusts created for individual benefit with specific requirements. Eligible individuals, born after July 4, 2026, and U.S. citizens, receive a $1,000 federal contribution to their accounts. These accounts are exempt from tax but subject to unrelated business income tax. Contributions are limited to $5,000 annually, with adjustments for cost-of-living after 2026. Distributions are taxed as net capital gains, except for qualified rollover contributions.
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- Core Provisions
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- Legal Framework
- Critical Issues
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