Ohio is First in Country to Make § 529A ABLE Accounts Available to Residents of All 50 States

2016-06-01 STABLE Account Launch 2By: Stephanie Hoffer

The ABLE Act is finally a reality for residents with qualifying disabilities in all 50 states, who now may open tax-preferred savings accounts through Ohio’s Stable Account program.  The ABLE law, which I’ve previously covered  on this blog and for TaxProf, allows individuals with disabilities to save money in tax-preferred savings accounts without jeopardizing their eligibility for Medicaid and other programs that make life in the community possible.  As I have previously written, with the ABLE account, Congress has provided not only a tax advantage that may offset some of the cost imposed by society on individuals with disabilities, it also has taken a first step toward treating them like adults whose dignity and autonomy matter.   Congratulations to the State of Ohio and to Treasurer Josh Mandel’s  team for making the law a reality.

4 thoughts on “Ohio is First in Country to Make § 529A ABLE Accounts Available to Residents of All 50 States

  1. Bravo to you for your fearless advocacy on behalf of our differently-abled friends, family, neighbors, and colleagues. Thank you for standing up, speaking out, and engaging in making a difference in the lives of countless Americans. You are the change I wish to see in the world.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s