Mississippi ABLE

Mississippi

~~“What is an ABLE account?
ABLE accounts are savings accounts for individuals with disabilities which will not affect their public benefits.  These accounts can be used for daily transactions and/or long-term savings.  Income earned in the accounts is not taxed if spent on qualified disability-related expenses.  Contributions can be made to an account by anyone and may qualify for a state tax deduction.”

This page also has links for more information on ABLE

State Policies & Initiatives: 
Policy
Systems: 
  • Department of Intellectual and Developmental Disabilities
Topics: 
  • Asset Development / Financial Capability
Date Enacted: 
06/02/2019
CITATIONS: