ABLE Act - Tax Free Special Needs Saving Accounts.

[minkeygirl]

Not sure how this would apply to ME/CFS?

President Signs ABLE Act Allowing Tax-Free Savings Accounts for People with Disabilities.


http://www.disabilityscoop.com/2014/12/17/tax-disability-savings-obama/19926/

 

[Denise]

Not sure how this would apply to ME/CFS?

President Signs ABLE Act Allowing Tax-Free Savings Accounts for People with Disabilities.


http://www.disabilityscoop.com/2014/12/17/tax-disability-savings-obama/19926/

As I understand it the ABLE Act currently applies to those who became disabled under the age of 26.
It took 6+ years to get any version of it passed by House and Senate (and then signed).

Some info is available here:
http://www.autismspeaks.org/sites/default/files/docs/gr/howableworks.pdf

http://crenshaw.house.gov/index.cfm...ecord_id=BA467646-5D88-4DD0-A53A-22C4C3E68F1A

 

[Nielk]

There are limitations -

The bill does include some limitations, however. Each person may only have one ABLE account and to qualify a person must have a condition that occurred before the age of 26.

 

[minkeygirl]

I think it has to be diagnosed before 26. There are plenty of PME/PWCF under that age.