Tag: ABLE account

News Tax Tip Tax Update

ABLE Accounts – Tax Benefit for People with Disabilities

July 25, 2022 • News, Tax Tip, Tax Update • by jlm203

The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries).…

News Tax Tip

ABLE accounts can help people with disabilities pay for disability-related expenses

July 25, 2022 • News, Tax Tip • by jlm203

People with disabilities can use an Achieving a Better Life Experience or ABLE account to help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect…