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House Ways and Means Committee passed the ABLE Act, legislation that would helps those with disabilities
U.S. Rep. Tom Reed, R-Corning, announced Friday the House Ways and Means Committee passed the ABLE Act, legislation that would helps those with disabilities and their families get savings accounts and plan for their financial futures. Reed stated he is a co-sponsor of the bipartisan Achieving a Better Life Experience (ABLE ) Act. The bill would allow those with disabilities to set up tax-exempt savings accounts to help them save for disability expenses. Reed stated the legislation would “corrects an unfairness in the law that prevents disabled individuals from accumulating assets, making them more dependent on government help.”…Read More
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