Thank you for sending. Sounds like this is a good thing Melanie Sent from my iPhone On Jan 15, 2015, at 11:14 AM, paul welch <pwelch@xxxxxxxxxxxxx> wrote: > > > Sent from my iPhone > > Begin forwarded message: > >> From: "Kenneth Semien, Sr." <semien@xxxxxxxxxxxxx> >> Date: January 15, 2015 at 2:29:18 AM CST >> To: AVIT <alliancevit@xxxxxxxxxxxxxxxx> >> Subject: [AVIT] Legislative Update: En-ABLE-ing Better Financial Planning >> for Families >> >> En-ABLE-ing Better Financial Planning for Families >> On December 19th, the President signed into law the Achieving a Better Life >> Experience (ABLE) Act, aimed at reducing financial burdens for people with >> disabilities and their families by providing them access to tax-saving 529 >> Education Savings Plans, called 529-ABLE Accounts. While there will be a >> delay while each state sets up and begins to operate these accounts, the >> passage of the Act means that soon people with disabilities and >> their families will be able to set aside funds(up to $14,000 per year) for >> disability-related expenses to supplement insurance and other benefits. >> Importantly, money set aside in these funds, up to $100,000, will be >> excluded from the income and assets calculations which are used to determine >> eligibility for federal benefits such as SSI. Also, Medicaid benefits >> eligibility will not be impacted by funds saved in an ABLE account. States >> will have to determine asset/income eligibility with respect to ABLE >> Accounts for other state benefits which do not include federal >> funds. Eligible individuals must have a condition that occurred before age >> 26. We strongly encourage people who are blind/visually impaired and >> families of children who are blind/visually impaired to consult their tax >> advisers about the financial planning benefits and implications of the ABLE >> Act and 529-ABLE Accounts. Stay tuned to AFB’s Policy Center and >> FamilyConnect for future updates on this and other important topics for >> families! >> >> Read the text of the ABLE Act. >> Questions? Email Rebecca Sheffield, Senior Policy Researcher, at >> rsheffield@xxxxxxx >> >> You can unsubscribe at any time. To remove your name from this >> mailing list, or to find out what other newsletters are available from AFB, >> visit http://www.afb.org/myafbnewsletter.aspx. >> >> >> >> -- >> To learn more about AVIT, visit the AVIT website: alliancevitexans.org >> --- >> You received this message because you are subscribed to the Google Groups >> "Alliance of and for Visually Impaired Texans (AVIT)" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to alliancevit+unsubscribe@xxxxxxxxxxxxxxxx. >> To post to this group, send email to alliancevit@xxxxxxxxxxxxxxxx. >> For more options, visit https://groups.google.com/d/optout.