IRS Proposes Rules For New ABLE Accounts – Disability Scoop

IRS Proposes Rules For New ABLE Accounts – Disability Scoop.

Good news for those who have been waiting! 22 states have passed legislation that allows for the creation of a bank account to cover “qualified expenses” as defined by the IRS. If you want to find out about the draft IRS rules, or the status within your state, please click the links above. Wisconsin has Senate Bill 165, and Assembly Bill 236, which are still being discussed. The best course of action is to ask when the Ways and Means Committee will be granting rule-making authority.

The Members of the Ways and Means Committee are:

Representative Spiros (Chair)

Representative Macco (Vice-Chair)

Representative Kerkman

Representative Novak

Representative Steffen

Representative Jacque

Representative Katsma

Representative Petersen

Representative Riemer

Representative Zepnick

Representative Ohnstad

Representative Brostoff

The Committee Clerk is Angela Hodkiewicz

I have sent an email to the Committee Clerk, and will post an update when I receive her reply.

About akutil86

Diagnosed with Aspergers at 34, this blog chronicles some of the life events I've gone through, and how I hope to help others on the Autism Spectrum. Posts that are personal opinions will be moving to another Wordpress site by the end of the year; for those looking for help with autism, I hope you will continue to visit and spread the word about the articles that most of the time are links to something I read. Please let me know what challenges you are facing, and I will do my best to address them. Thanks for reading my blog!
This entry was posted in Advocacy, Ausome Adults, Financial. Bookmark the permalink.

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