Hunt & Associates P.C.

Jan 15, 2015

ABLE Accounts: A New Savings Account for People with Disabilities

On December 19, 2014, President Obama signed into law the “Achieving a Better Life Experience Act of 2014”, also known as the “ABLE Act of 2014”. This new law will allow states to establish an ABLE program, under which eligible people with disabilities can set up an ABLE account. These accounts will be modeled after Section 529 (college savings) accounts.

Who can have an ABLE account? Eligibility will be limited to … Read more