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:
  • ABLE Accounts – English | Spanish| ASL

For additional information concerning special needs trusts and disability planning, visit:

NJ Special Needs Trusts and Disability Planning