PBJ Tax Professionals

Hey did you all hear about the new Trump Accounts?

This is what you need to know:
The U.S. government has created a new program called Trump Accounts, designed to help children build wealth from birth.

Here are the key points:
• $1,000 automatic deposit for children born between 2025–2028.
• Anyone — parents, grandparents, friends, or employers — can contribute up to $5,000 per year.
• A massive $6.25 billion donation from Michael & Susan Dell means about 25 million kids will receive an extra $250, especially in lower-income communities.
• The money is required to be invested in low-cost U.S. stock-market index funds so it can compound over many years.
• No money can be withdrawn until the child turns 18. After that, it can be used for:
• Education
• A first home
• Starting a business
• Or rolled into retirement savings

This program officially launches July 4, 2026, and it represents one of the biggest wealth-building initiatives for children in decades.

If you have kids or grandkids born in the eligible years, this is definitely something to take advantage of.

Are you ready ready ready? Cause we ready ready ready!!!

PBJ Tax Pros

2 locations

5715 NW Central Drive
Suite F-113B
Houston Texas 77092

419 S Columbia St (inside penny mall)
Bogalusa, La 70427

979-739-0607
346-242-3116

💡Tax Tip on this great Monday💡

In 2021 & 2022 tax season

If you were self employed your tax professional probably filled you out a form 7202 which doubled, tripled, & sometimes quadrupled your refund. When you hear of people getting back 15-50k it was because of this form that was rolled out that allowed self employed people to claim $200 family leave credit per day and $2,000 in the aggregate for everyday they couldn’t work.

That form is gone! Removed from software.

It’s merely impossible for SELF EMPLOYED people with NO dependents to get a tax refund this year. So coming to us saying you made 100k with no dependents & expecting a refund is totally not going to happen.

If you are self employed with 1 child you’re looking at approximately $3300

If you are self employed with 2 children you’re looking at approximately $5700

If you are self employed with 3 children you’re looking at approximately $6500

These limits are set by the IRS..so if your tax preparer got you more you may want to get a good understanding of what they put on your return because you are responsible for it.

This is straight Schedule C income of course.