Archives for ADA

For ADA Anniversary: IRS Spotlights Tax Benefits and Services for People With Disabilities

WASHINGTON — Sunday, July 26th is the 25th anniversary of the Americans With Disabilities Act, and the Internal Revenue Service is marking the occasion by spotlighting a number of tax benefits and services that can help taxpayers with disabilities. ABLE Accounts This new program was passed by Congress in December. Under the law, states can offer specially designed, tax-favored ABLE accounts to people with disabilities who became disabled before age 26. Recognizing the special financial burdens faced by families raising children with disabilities, ABLE accounts are designed to enable people with disabilities and their families to save for and pay
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