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Kiplinger
Kiplinger
Business
Kate Schubel

Three Surprising Ways Trump’s New Tax Law Could Change Your Child’s Money Story

Twenty, ten, and five dollar bill held up with colorful clothespins against a light blue background.

Recently, President Donald Trump signed a key piece of legislation. The “Trump megabill,” also known as the “One Big Beautiful Bill” (OBBB), is expected to impact millions of taxpayers, like you, across the country.

Among the new law’s many provisions are benefits for parents, like a boosted federal child tax credit and an enhanced adoption tax credit. But what provisions specifically address your child’s finances?

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