ABLE Act

Published on December 4, 2014

Last updated on November 1, 2024

Michelle Diamant:

Under current rules, many individuals with disabilities can have no more than $2,000 in assets in order to qualify for needed government benefits. The ABLE Act would dramatically alter that scenario, allowing people with disabilities to establish special accounts at any financial institution where they could save up to $14,000 annually under current gift-tax limitations.

Inbred thong that always bothered me about this system was that it forced people to stay in poverty. An attempt for a disabled person to get our of poverty required a big jump from $2,000 to your name and $700/month to

http://www.disabilityscoop.com/2014/12/04/house-approves-accounts/19891/