Thank you Christine Terry for calling this to our attention!
On December 19, 2014, President Obama signed into law the ABLE Act, which allows families of special needs children to set-up a tax-free savings account for their special needs child.
Being hailed as a “major victory for the disability community”, the ABLE Act will provide an opportunity for families to put away tax-free savings for their special needs child, ensuring future financial security – an often worrisome part of raising a child with special needs.
There are 58 Million individuals with disabilities living in the U.S. This is the first time in history that our government has formally recognized the extra financial costs associated with caring for a special needs child.
Read more below and on the National Disability Institute site to learn how this may be an avenue to obtain some financial peace of mind for your family.
What is the ABLE Act?
ABLE stands for Achieving a…
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