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In The News: NAMI Northern Illinois

May 15, 2016

The Achieving Better Life Experience Act, or ABLE Act, is a tax-advantaged savings accounts for individuals with disabilities

 

The Achieving Better Life Experience Act, or ABLE Act, was signed into law by President Obama last December. ABLE amends the Internal Revenue Code, to allow eligible individuals with disabilities and their families to establish a tax-exempt savings account that allows disbursements of income tax-free funds for “qualified disability expenses,” including education, transportation, housing, obtaining and maintaining employment, personal support services, acquisition of Read More

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