SD Network

DISABILITY SCOOP: IRS Increases Limit For ABLE Accounts

user image 2023-01-11
By: SD Network
Posted in: ABLE Accounts

People with disabilities can save more money without jeopardizing eligibility for government benefits thanks to a change in tax rules for the new year.  Starting this month, the federal gift tax exclusion increases from $16,000 to $17,000 annually, according to the Internal Revenue Service. 

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