Financial Planning

The Earned Income Tax Credit gives people with disabilities an incentive to file a tax return even if they are not required to do so. ...

Life insurance provides a unique opportunity for many families to guarantee the financial security of their loved ones with special needs without placing a significant financial strain on other family members.  ...

Once you begin to understand how the gift tax system really works, you may be pleasantly surprised to learn that most people can fund a special needs trust for a person with disabilities with a lot more than $14,000 a...

After 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.

If you or your spouse have a disability, or if you care for a dependent with a disability, you may be able to qualify for one or more tax credits and deductions.

Parents 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.

Medical coverage and housing may be the two most important services to make sure are taken care of once your child turns 18.

The 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...

A law passed in 2014 allows people with disabilities who became disabled before they turned 26 to set aside up to $18,000 a year (as of 2024) in tax-free savings accounts without affecting their eligibility for government benefits.  ...