ABLE accounts give people with disabilities or their families the ability to have tax free savings accounts that will not affect their eligibility to get or stay on government assistance. In addition, they let you make your own decisions about how to spend your money, without getting permission from a special trust. Overall, an ABLE account allows a person with a disability to set up and manage their own funds. This guide will explain the basics of ABLE accounts and will provide a state-by-state comparison.
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