~~“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
- Department of Intellectual and Developmental Disabilities
- Asset Development / Financial Capability