Indiana launches money-saving program for people with disabilities
-
2:11
Students gearing up for local careers in Manufacturing
-
2:13
Sunny today, but expect a wetter and warmer weekend
-
0:54
Goodwill ’Little Black Dress’ event raises funds for community...
-
1:45
Cheers Bar and Grill liquor license renewed following controversy
-
2:40
Kyle Rudolph weighs in on fellow Irish, Joe Alt, ahead of NFL...
-
0:58
Contractors prepare bids for multi-million-dollar Four Winds...
-
3:11
Caleb Williams and Marvin Harrison Jr. weigh in on upcoming draft
-
3:18
New settlement with Indiana allows Landmark to apply for recertification
-
2:32
NFL Analysts break down Joe Alt’s stock
-
1:21
Fair Thursday wet / windy weekend
-
2:52
Union Township sues UNAS over ambulance stripped for parts
-
1:32
Bridging the healthcare gap in Michiana
SOUTH BEND, Ind. - Indiana has launched a new program to help people with disabilities save money without jeopardizing their state and federal benefits.
Indiana State Treasurer Kelly Mitchell was in South Bend to announce the start of the statewide ABLE program Tuesday.
The program will allow people with disabilities to apply for a tax-advantaged savings account to help them save for future disability-related expenses, while still keeping their public benefits.
The savings can be used for expenses including, but not limited to, education, transportation, housing, and medical needs.
There are some restrictions to the program: an individual must have been diagnosed with a disability before the age of 26; an individual can not contribute more than $14,000 per year to the account; the account can only hold $450,000 at one time, or $100,000 for people receiving Social Security benefits.
To learn more about these new savings accounts, visit in.savewithable.com .