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Posts tagged "ABLE ACT"

The NY ABLE ACT: A Primer

For many with disabilities, the ability to access savings, whether it be theirs or a family member's, without disrupting their eligibility for government programs such as Medicaid and SSI (Supplemental Social Security Income), has been a challenge for decades. Fortunately, as a result of the passage of a federal law in 2014 known as the Achieving a Better Life Experience Act of 2014 ("ABLE Act"), which created Section 529A of the Internal Revenue Code (IRC), those with disabilities and the members of their families may now create a special saving's account that is similar in some ways to a 529 College Savings Plan.

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