Ronald Fatoullah & Associates - Elder Law

March 2015 Archives

The ABLE Act New Tax-Free Saving Accounts for Individuals with Disabilities

The-ABLE-Act-New-Tax-Free-Saving-Accounts-For-Individuals-With-Disabilities-DPLIC.jpg{3:12 minutes to read} Congress just enacted a new law that will allow any individual who is disabled and became so prior to turning the age of 26 years to set aside up to $14,000 per year in a tax-free savings account without affecting his/her eligibility for government benefits. Only one account may be established per disabled person, however multiple persons may contribute to such account.

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