Client Alert: HR 647 "Achieving a Better Life Experience Act" passes House of Representatives
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On December 3, 2014, the House of Representatives passed HR647 by a vote of 404 to 17 the bill called "Achieving a Better Life Experience (ABLE) Act of 2014," which would provide for a new type of tax-advantaged savings program that allows individuals with disabilities to work, save, and live independently without losing access to Medicaid and Supplemental Security Income (SSI). The text of the ABLE Act will be added to the one-year extender package that was passed the same day, in the engrossment of that bill. More to follow as news on this bill develops.

Posted under: Tax Law

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