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Achieving a Better Life Experience Act of 2014 (ABLE)

Achieving a Better Life Experience Act of 2014 (ABLE)

December 2014, the ABLE Act was signed into law. This act allows individuals with disabilities to open up a 529A, which would be funded with after-tax dollars, but allows for tax-deferred growth and tax-free distributions if distributions are used for “qualified expenses”. The accounts are currently being established by each state, so watch as more information becomes available in your state.

Read more specifics on the National Autism Network website.