On December 3, 2014, the House of Representatives passed legislation that would allow qualifying disabled persons to establish tax-free savings accounts similar to 529 plans to pay for a host of expenses, including, but not limited to, housing, transportation, and medical expenses. The Achieving a Better Life Experience (ABLE) Act of 2014 is expected to
Daniel B. Axman
Contact: Read more about Daniel B. Axman
ABLE Accounts for Disabled Individuals – Senate is now ABLE to Act
By Daniel B. Axman on
On December 3, 2014, the House of Representatives passed legislation that would allow qualifying disabled persons to establish tax-free savings accounts similar to 529 plans to pay for a host of expenses, including, but not limited to, housing, transportation, and medical expenses. The Achieving a Better Life Experience (ABLE) Act of 2014 is expected to…
Extension of 2014 Qualified Charitable Distributions
By Daniel B. Axman on
On December 3, 2014, the House of Representatives passed legislation that would extend a number of tax breaks for the 2014 tax year. Senate approval of the bill is likely. Please click here to view a summary of the Bill (H.R. 5771).
Among the tax break extensions is the tax break for charitable contributions made…