New 529 ABLE Savings Accounts Will Help Individuals with Disabilities
Individuals with disabilities and their family members will soon have a new way to save and plan for future expenses with the creation of the 529 Achieving a Better Life Experience (ABLE) program. The ABLE program is similar to the successful 529 College Savings Account program. ABLE accounts are a tax-advantaged savings account that individuals with disabilities can use to pay for qualified expenses.