ABLE Accounts help people with disabilities save funds specifically for disability-related expenses without those savings being counted against Medicaid’s income requirements. To support this important program, see below for an opportunity for national, state and local organizations to sign onto a letter asking Congress to pass the ABLE Age Adjustment Act, which ANCOR supports. Additionally, to further understanding of how these accounts can be used, the ABLE National Resource Center partnered with the Internal Revenue Service (IRS) to offer a webinar on leveraging this tool.
“Thursday, February 13, 2020 – 2:00 – 3:00 p.m. ET
The Stephen Beck Jr. Achieving a Better Life Experience Act, or ABLE, was passed by Congress in 2014. ABLE accounts are tax-advantaged, section 529A accounts under the Internal Revenue Service (IRS) tax code, and the IRS has provided guidance related to ABLE accounts. Learn more about how you may maximize your ABLE savings, qualify for tax credits, which may result in tax savings, and access free tax preparation services.
Join the ABLE National Resource Center (ABLE NRC) and the IRS for the following timely information:
Find out about the IRS ABLE guidelines and proposed rules
Clarify qualified disability expenses
Utilize tax incentives to build your ABLE savings
Increase your knowledge of the interaction of SSA work supports, QDEs and tax filing
Learn about free tax preparation services
The presenters on this webinar will be:
Don Dill, IRS Senior Tax Analyst, SPEC Headquarters
Miranda Kennedy, Director, ABLE NRC
Laurie Schaller, Manager, Financial Empowerment, National Disability Institute
Andrew Komarow, MSFS, CFP, 2020 ABLE NRC Ambassador/ABLE Account Owner
