An ABLE Account Could Be a Great Place for Your $1,400 Relief Payment
President Biden has signed the $1.9 trillion American Rescue Plan into law. Among its benefits are $1,400 checks that are already...
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Law Office of
Eric M. Kearney, LLC
Guardianship | Medicaid | Special Needs
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Eric Kearney
- Nov 12, 2019
- 3 min
Should you Transfer 529 Plan Funds to an ABLE Account?
Things to consider when deciding whether to transfer money from a 529 plan to an ABLE Account.
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Eric Kearney
- Jun 4, 2019
- 2 min
Gift Cards: A New Way to Contribute to ABLE Accounts
A Gift of Independence gift card is a new way to honor, celebrate, reward or support a member of your family, a friend, a co-worker or a nei
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Eric Kearney
- May 4, 2019
- 1 min
HUD Publishes Letter Regarding ABLE Accounts
At long last, HUD has published a letter confirming that ABLE Accounts (and money coming in and out of them) will not adversely affect...
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Eric Kearney
- Feb 1, 2019
- 2 min
What is an ABLE Account?
An introduction to ABLE Accounts - what they are and how they can be used to help improve the lives of people receiving means-tested benefit
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erickearney
- Apr 3, 2018
- 1 min
Social Security Administration Updates SSI Resource List to Include SNTs and ABLE Accounts
The Social Security Administration’s Understanding Supplemental Security Income (SSI) website is a recently updated reference for...
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Eric Kearney
- Mar 8, 2018
- 2 min
New Guidance on ABLE Accounts
New POMS regarding ABLE accounts have come out and can be found here: https://secure.ssa.gov/poms.nsf/lnx/0501130740 Below is an excerpt...
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Eric Kearney
- Jan 3, 2018
- 2 min
New Tax Law Makes Changes to ABLE Accounts
Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the...
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Eric Kearney
- Nov 3, 2017
- 2 min
ABLE account aggregate annual contribution raised to $15,000 nationally
The IRS has confirmed an increase to Section 2503, the federal gift tax exclusion. Section 529A(a)(2) of the Stephen Beck Jr. Achieving a Be
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erickearney
- Oct 8, 2017
- 2 min
Impact of ABLE Funds on Needs-Based Public Assistance - HUD
The ABLE Act explicitly addresses how funds in an ABLE account impact SSI and Medicaid eligibility, but what about HUD? Even though...
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Eric Kearney
- Sep 13, 2017
- 1 min
CMS Guidance on ABLE Accounts
At long last the Centers for Medicare & Medicaid Services (CMS) had provided guidance to states on how to treat “ABLE” accounts in...
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erickearney
- Aug 3, 2017
- 4 min
Five Practical Uses for an ABLE Account
ABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many ways to make a big difference to families
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Eric Kearney
- May 23, 2017
- 2 min
Establishing an ABLE Account
If you or a family member are disabled (per social security standards) and the onset of the disability was prior to the age of 26 you may...
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erickearney
- Feb 10, 2017
- 1 min
New USDA Regulation Confirms ABLE Fund Protection
USDA regulation confirms that ABLE account funds will not affect SNAP benefits.
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erickearney
- Dec 6, 2016
- 1 min
Oregon ABLE Account Launched
The Oregon ABLE Account program launched today. Check out the website to learn more about how to incorporate this new tool into your existin
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erickearney
- Oct 11, 2016
- 1 min
Oregon ABLE Accounts Coming Soon
ABLE accounts are coming soon to Oregon! Oregonians will be able to establish Oregon Able Savings Plan Accounts in early December 2016....
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erickearney
- Oct 1, 2016
- 1 min
ABLE Accounts Now Available in Four States; Three Are Open to Out-of-State Beneficiaries
Two years after the passage of the Achieving a Better Life Experience (ABLE) Act, four states -- Florida, Nebraska, Ohio and Tennessee -–...
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