ABLE Account Information

Recipients with disabilities who rely on government benefits may want to consider putting some or all of the $1,400 relief money into an ABLE account.

ABLE accounts are proving to be less of a savings vehicle and more of a game-changer that allows beneficiaries of programs like SSI to pay for their own living expenses and achieve an unprecedented level of independence.

The IRS has released final regulations on tax-free savings accounts that allow people with disabilities to pay for disability-related expenses without jeopardizing government benefits.

If an ABLE account has been set up for a person with special needs, what happens to the account if the beneficiary no longer qualifies as “disabled” according to IRS regulations due to medical improvement or inaccurate diagnosis?...

When an SSI beneficiary finds out that they will receive an inheritance, their first reaction may be to refuse it. But this refusal, also known as a "disclaimer," might worsen things for the beneficiary.