Are you ready for your mid-year tax check up? No, we are not talking about at your doctor’s office. We are talking about at your tax preparer’s office. You would think July would give you some vacation time from tax deadlines. These tax due dates are fast approaching for July.
Congress created Achieving Better Life Experience (ABLE) accounts in 2014. Before ABLE accounts existed, individuals with disabilities who were eligible for Medicaid or federal Supplemental Security Income were limited to a maximum of $2,000 in assets. These assets included bank savings accounts. There is good news for the disabled. Now that has all changed.