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ABLE Accounts

Оглавление

If you have a child who became disabled before age 26 or meets certain eligibility conditions, there is a special savings account that generally does not adversely impact eligibility for means‐tested government programs (e.g., Medicaid). The account can be used on a tax‐free basis for various disability‐related expenses (including funeral and burial costs). See details in Chapter 2.

J.K. Lasser's 1001 Deductions and Tax Breaks 2022

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