Post by Logan on Jun 20, 2016 4:13:37 GMT -6
Tennessee launches program to help disabled, families save tax-free for expenses
NASHVILLE — A new Tennessee program is now available to help people with qualified disabilities and their families or legal representatives save, invest and earn money tax-free to fund allowable expenses such as housing and health needs.
State Treasurer David Lillard said Tennessee is among the first states to offer an Achieving A Better Life Experience program.
The ABLE Tennessee program, administered through the Tennessee Department of Treasury, is designed to help people with intellectual and physical disabilities save with no impact on federal means-tested benefits so long as the 401k-style investment accounts are less than $100,000.
It is expected to help people and families with problems in areas ranging from Down syndrome to military veterans left physically devastated by war-related injuries.
Read more: www.timesfreepress.com/news/local/story/2016/jun/19/state-launches-able-tn-accounts-help-disabled/371738/
NASHVILLE — A new Tennessee program is now available to help people with qualified disabilities and their families or legal representatives save, invest and earn money tax-free to fund allowable expenses such as housing and health needs.
State Treasurer David Lillard said Tennessee is among the first states to offer an Achieving A Better Life Experience program.
The ABLE Tennessee program, administered through the Tennessee Department of Treasury, is designed to help people with intellectual and physical disabilities save with no impact on federal means-tested benefits so long as the 401k-style investment accounts are less than $100,000.
It is expected to help people and families with problems in areas ranging from Down syndrome to military veterans left physically devastated by war-related injuries.
Read more: www.timesfreepress.com/news/local/story/2016/jun/19/state-launches-able-tn-accounts-help-disabled/371738/