The savings account name, which the bill says stands ... Trump has cut Harvard's federal funding and vowed to remove its tax-exempt status—a call Harvard has said has "no legal basis." ...

What President Donald Trump has referred to as his “big beautiful bill,” currently being shepherded through Congress, includes a proposal for a “MAGA” savings account for children.

And while the IRS doesn’t offer a special tax credit for children with special needs, ... even if savings in an ABLE account exceed $2,000.

MSAs and HSAs are both tax-exempt savings accounts. HSAs are associated with non-Medicare private insurance plans, while MSAs are linked to Medicare Advantage (Part C) plans.

In even more states, Social Security payments are tax-exempt. Below, CNBC Select outlines which states let retirees off the hook, as well as the best companies to open a retirement account with.