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Tag Archives: how to pay for disability-related expenses
Tax reform allows people with disabilities to put more money into ABLE accounts, expands eligibility for Saver’s Credit
People with disabilities can now put more money into their tax-favored Achieving a Better Life Experience (ABLE) accounts and may, for the first time, qualify for the Saver’s Credit for low- and moderate-income workers, according to the Internal Revenue Service. … Continue reading →
Posted in IRS, Personal Finance, Personal Taxes, Saver's Credit, Tax Credits, Tax Law Changes, Tax Relief, Taxes
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Tagged ABLE accounts, Achieving a Better Life Experience account, annual gift tax exclusion amount, how to pay for disability-related expenses, how to roll money from a 529 plan into an ABLE account, how to roll money from qualified tuition programs into ABLE accounts, how to save for disability-related expenses, IRS Withholding Calculator, perform a paycheck checkup, Saver’s Credit for low- and moderate-income workers, Tax Cuts and Jobs Act, tax reform legislation, tax relief for disabled persons, TCJA
