U.S. Rep. Tammy Duckworth (D, IL-8) announced her co-sponsorship of the bipartisan Achieving a Better Life Experience (ABLE)
Act today, which would allow individuals with disabilities to have
tax-deferred savings accounts in order to fund health care, housing and
other essential expenses.
The ABLE Act, introduced in the Senate, S. 313, and House, H.R. 647, in February, aims to amend the Internal Revenue Code of 1986 to create the tax-free accounts.
“Disabled Americans deserve every opportunity to achieve their dreams,” Duckworth said in a statement today. “The
bipartisan ABLE Act would allow disabled Americans to invest in saving
accounts without having it count against their federal benefits.”
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