Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
How ABLE accounts can help clients with disabilities save Following a law passed in 2014, people who became disabled before the age of 26 can save as much as $14,000 every year in an ABLE account without facing any tax burden, according to Consumer Reports. Just like a 529 college savings plan, ABLE accounts offer a menu of investment options and are available in various states. “This is a big step forward,” said an expert with the National Disability Institute. “Previously many people with disabilities have not been able to work even part-time because they would lose benefits.”
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