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New Tax Law Makes Changes to ABLE Accounts

Written on August 11, 2019

Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the new Tax Cuts and Jobs Act signed into law by President Trump on December 22, 2017.  ABLE accounts, created by Congress via the passage of the Achieving a Better Life Experience (ABLE) Act in 2014, allow people with disabilities and their families to save for disability related expenses, while maintaining eligibility for Medicaid and other means-tested public benefits programs.  Click on the link below for more information:

https://specialneedsanswers.com/new-tax-law-makes-changes-to-able-accounts-16488

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