Friday, January 15, 2016

New rules relax ABLE account requirements

New rules relax ABLE account requirements

Are you planning to set up an "Achieve a Better Life Experience" (ABLE) account? A recent IRS notice and changes enacted in a tax law passed in December 2015 can help ease the administrative requirements. ABLE accounts are tax-advantaged accounts designed to help you build savings to care for yourself or a loved one with disabilities while maintaining eligibility for benefit programs such as Medicaid. Generally, you'll qualify for an ABLE account if your disability occurred before age 26.

Call us for details about the latest changes.

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