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An ABLE account, also known as a 529 ABLE or 529A account, is a state-run savings program for eligible people with disabilities in the United States. Rules governing ABLE accounts are codified in Internal Revenue Code section 529A, which was enacted by the Achieving a Better Life Experience (ABLE) Act in 2014.
Supplemental Security Income beneficiaries who need help paying disability expenses have the option of opening an Achieving a Better Life Experience, or ABLE, account, which lets people with...
One of the newest financial products around, ABLE accounts are a 529 account with all kinds of bells and whistles built specifically to serve disabled Americans. After years of grassroots advocacy ...
ABLE accounts allow individuals with disabilities to save money using a tax-advantaged account. These accounts were created as part of the Achieving a Better Life Experience Act (ABLE) of 2014.
The first $100,000 in an ABLE account is not counted as an asset for purposes of SSI eligibility. Once an ABLE account balance exceeds $100,000, the beneficiary's SSI payments are suspended until the account balance drops below $100,000. However, the beneficiary remains covered by Medicaid regardless of the account balance.
Able has received awards starting with the Easter Seals EDI (Equality, Dignity and Independence) Award including awards and commendations from public officials and organizations such as the United Spinal Association, the Suffolk Independent Living Organization, Nassau County, United Cerebral Palsy of New York City and the New York City Comptroller.
Miranda Kennedy, ABLE National Resource Center Director, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to break down special savings ABLE accounts provide for those with disabilities.
ABLE account is within the scope of WikiProject Disability. For more information, visit the project page , where you can join the project and/or contribute to the discussion . Disability Wikipedia:WikiProject Disability Template:WikiProject Disability Disability
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