Congress Urged To Create Tax-Free Disability Savings Accounts

Disability advocates are launching a major push to pressure Congress to pass legislation before year’s end that would offer a new way to save money without jeopardizing government benefits.

A broad coalition of three-dozen national organizations is backing the effort to support legislation known as the Achieving Better Life Experience Act, or ABLE Act. The bill would allow people with disabilities the ability to create special savings accounts where they could accrue as much as $100,000 without losing access to benefits like Social Security or Medicaid.

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