Kansas establishes tax-free savings accounts for disabled persons

KMBZ News Staff
May 17, 2018 - 12:46 pm
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Mission, KS -  Kansas Governor Jeff  Colyer signed into law the Kansas ABLE (Achieving a Better Life Experience) Savings Program.

According to the Disability Rights Center of Kansas, the ABLE Act allows people with disabilities to set up tax-free savings accounts for disability-related expenses. It also lets families of children with disabilities save for their long-term care needs.

Doing this better enables independence and employment for people with disabilities, because dollars in an ABLE account will not impact a person’s eligibility for government benefits such as Social Security or Medicaid, the group says.

Colyer signed the bill into law at the Down Syndrome Guild of Kansas City in Mission and said he hopes the new law will encourage more disabled Kansans to pursue careers and education.
 


 

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