Jun 10, 2025 | ABLE Accounts, Government Programs, Special Needs Trusts
Special needs trusts and ABLE accounts are useful saving tools to save much-needed funds for children with special needs. Although their requirements vary, these tools allow these individuals to shelter savings without endangering their eligibility for means-tested...
Dec 11, 2024 | ABLE Accounts, Blog, Resources
The Internal Revenue Service (IRS) has issued Notice 2024-40, which adjusts various tax-related figures annually for inflation. These adjustments, which take effect on January 1, 2025, include the limits on contributions to ABLE accounts for 2025. The amount of money...
Oct 28, 2024 | ABLE Accounts, Blog
U.S. Senators Bob Casey (D-PA) and Eric Schmitt (R-MO) introduced the Ensuring Nationwide Access to a Better Life Experience (ENABLE) Act earlier this year. As of September 20, 2024, the bill has unanimously passed the Senate. What to Know About The Enable Act The...
Jan 22, 2024 | ABLE Accounts, Blog
In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Act, which authorizes individuals with special needs to establish ABLE accounts or special savings accounts. Before the ABLE account, these individuals often could only have significant savings by...
May 27, 2023 | ABLE Accounts, Resources, Social Security, Special Needs Trusts
Supporting children with special needs typically goes far beyond age 18 and often is a lifelong commitment. Children with special needs may also have more financial needs than other children, especially if they have complex medical problems or require a high level of...
Mar 7, 2023 | ABLE Accounts
When President Biden signed the Consolidated Appropriations Act of 2023 spending bill into law at the end of the 2022 legislative session, it included an important update to the Achieving a Better Life Experience (ABLE) Act, or the ABLE Age Adjustment Act. At Rubin...
