Recently passed by Congress and signed into law by President Obama, the Achieving a Better Life Experience (ABLE) Act provides the opportunity for those who became disabled before the age of 26 to set up tax-free savings accounts where they will be able to save $14,000 a year without affecting their eligibility for government benefits.
Before the ABLE Act, to be eligible for government programs like Medicaid or Social Security, those with special needs could not have assets in their name surpassing $2,000. Read more.
