IRS Relaxes Rules For New ABLE Accounts

The Internal Revenue Service is easing up on rules for new accounts that will allow people with disabilities to save money without jeopardizing their government benefits.

Earlier this year, the IRS laid out plans for how accounts established under the Achieving a Better Life Experience, or ABLE, Act would operate. But the agency received significant pushback from disability advocates and state officials alike who said the proposed federal requirements would be overly burdensome.

Now, the IRS is backing off. In a notice, the agency said it plans to issue final regulations with less stringent reporting requirements. Read more.

Submit Your Resume
Job application submission form.
×