Yesterday, the first Achieving a Better Life Experience (ABLE) Account Program in the country went live. Representative John Macco (R-Ledgeview), the lead author of the ABLE bills in Wisconsin, released the following statement:
“Today is an exciting day,” said Rep. Macco. “I’ve been working towards this for a long time, and now Wisconsinites with disabilities will be able to open up their own ABLE accounts by logging onto Stableaccount.com and signing up through the website.”
ABLE accounts are tax-free savings accounts for people with disabilities. Money put into ABLE accounts does not count against the Supplemental Security Income (SSI) cap. People in Wisconsin can open up ABLE accounts anywhere in the country and count money invested against their state income taxes!
“The first person in the nation to open an ABLE account was Anne from Ohio,” continued Rep. Macco. “I hope that Anne will be the first of many persons with disabilities all over the country that can now save and plan for their financial futures.”