Five Practical Uses for an ABLE Account
ABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many creative ways to make a big difference to families with special needs children.
Read moreABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many creative ways to make a big difference to families with special needs children.
Read moreSometimes people with disabilities or their families find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions. ...
Read moreAfter coming under fire from disability rights organizations and financial institutions for issuing unworkable proposed regulations governing ABLE accounts, the IRS has backed off on several of its most unwieldy proposals.
Read moreThe financial planning steps a family takes when their child turns 18 establish the foundation for the child's support and well-being for the rest of the child’s life. Therefore, it is essential that parents take extra care when planning for...
Read moreParents giving gifts to children will sometimes provide nothing to the child with special needs while giving substantial amounts to the child’s siblings. This planning strategy can lead to trouble, as a recent Wisconsin case highlights.
Read moreMedical coverage and housing may be the two most important services to make sure are taken care of once your child turns 18.
Read moreABLE accounts, new savings plans for people with special needs to save for disability related expenses, may be used for an even broader array of products and services than many beneficiaries may realize. ...
Read moreA new law just passed by Congress and signed by President Obama will allow people with disabilities who became disabled before they turned 26 to set aside up to $14,000 a year in tax-free savings accounts without affecting their eligibility...
Read moreUnfortunately, too many trustees of special needs trusts or those who oversee funds for people with special needs don't even know that they have a duty to account for the funds they manage, let alone perform that duty correctly.
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