the Federal 401Kids Account Program or a 401Kids Account Program established and maintained by a State for any eligible individual in foster care, in any State, with respect to whom no deposit was made for such year under subparagraph (A). (5) Matching contributions for earned income credit eligible families If a credit is allowable under section 32 of the Internal Revenue Code of 1986 to the parent or guardian or an eligible individual for a taxable year, the Secretary of the Treasury shall deposit, at the same time as the annual deposit under paragraph (4)(A), into the 401Kids Savings Account established for such eligible individual under the Federal 401Kids Account Program or a 401Kids Account Program established and maintained by a State an amount equal to so much of the contributions made by the parent or guardian of the eligible individual to such account during the preceding taxable year as does not exceed $250. Such deposit shall be made in addition to the deposit under paragraph (4). (6) Designated custodian For purposes of this section, the designated custodian is the person designated by the Secretary of the Treasury to act as custodian of the 401Kids Savings Accounts established on behalf of participants in the Federal 401Kids Account Program. (7) Inflation adjustments (A) In general In the case of any calendar year after 2024, the $2,500 amount in paragraph (3)(B), the $500 amount in paragraphs (4)(A), (4)(B), and (4)(D), the $750 amount in paragraphs (4)(A) and (4)(D), and the $250 amount in paragraph (5) shall each be increased by an amount equal to— (i) such dollar amount