Find out how you can save money with disability-related expenses by having an ABLE account. For more information, go to https://www.irs.gov/taxreform. #disability #ABLE #IRS
Resources on the IRS website concerning ABLE accounts:
Tax law changes enable eligible people with Achieving a Better Life Experience (ABLE) accounts to put more money into their ABLE account and possibly qualify for the Saver’s Credit.
Resources:
- News Releases: IR-2018-139, IR-2018-239, IR-2020-227
- REG-128246-18, Contribution Limits Applicable to ABLE Accounts
- TD 9923 PDF
- Notice 2018-62 PDF
- Tax Reform Tax Tip 2018-136
- Drop-in Articles: People with disabilities can contribute more to ABLE accounts, and qualify for Saver’s Credit
- YouTube videos:
For additional information concerning special needs trusts and disability planning, visit: