ABLE Tips from the IRS Want to learn more about tax-advantaged ABLE accounts? In October 2021, the Internal Revenue Service (IRS) published tips on this valuable financial solution for people with disabilities. Click here to read key things the IRS wants Americans to know about ABLE accounts. ABLE accounts are tax-advantaged savings accounts for individuals with disabilities and their families. These accounts help eligible individuals pay qualified disability expenses without affecting their eligibility for certain government assistance programs. Need to open an ABLE account? There’s never been a better time to join thousands of Americans with disabilities who are already saving with ABLEnow. Open an account today.
April 2024 Is Food a Qualified Disability Expense? The Social Security Administration clarified that food is considered a qualified disability expense for ABLE accounts.
