Special Needs Answers
An ABLE Account Could Be a Great Place for Your $1,400 Relief Payment
Recipients with disabilities who rely on government benef...
Read moreCan an ABLE Account Pay for a Vacation?
- July 5th, 2024
Q
My sister has an ABLE account in New York. Can she use the ABLE account to pay for a cruise for her and a companion?
A
Probably not. ABLE accounts may only pay for qualified disability expenses. The IRS describes these as “housing, education, transportation, health, prevention and wellness, employment training and support, assistive technology, and personal support services.”
Harry S. Margolis practices elder law, estate, and special needs planning in Boston and Wellesley, Massachusetts. He is the founder of ElderLawAnswers.com and answers consumer questions about estate planning issues here and at AskHarry.info.