ABLE Accounts - YouTube video script

 

ACHIEVING A BETTER LIFE EXPERIENCE OR ABLE ACCOUNTS

HI… I'M RISA… AND I WORK FOR THE INTERNAL REVENUE SERVICE.

WERE YOU BORN WITH A DISABILITY?

OR DID YOU BECOME DISABLED BEFORE YOU TURNED 26 YEARS OLD?

IF SO… YOU COULD BE ELIGIBLE FOR AN ABLE ACCOUNT.

AN ABLE ACCOUNT ALLOWS YOU… AS A DESIGNATED BENEFICIARY… TO SAVE MONEY AND GET TAX-FREE EARNINGS TO PAY FOR DISABILITY-RELATED EXPENSES… SUCH AS PERSONAL SUPPORT SERVICES… HOUSING… EDUCATION AND TRANSPORTATION.

YOU AND OTHERS CAN PUT UP TO 15-THOUSAND DOLLARS A YEAR INTO YOUR ABLE ACCOUNT.

THESE CONTRIBUTIONS CAN INCLUDE FUNDS ROLLED OVER FROM CERTAIN 529 PLANS.

ALSO… IF YOU HAVE A DISABILITY AND WORK… YOU MAY BE ELIGIBLE TO ADD EVEN MORE MONEY TO YOUR ACCOUNT ANNUALLY.

WHAT'S MORE… YOU CAN GET UP TO A TWO-THOUSAND DOLLAR TAX CREDIT FOR THE MONEY YOU PUT INTO YOUR ABLE ACCOUNT… WHICH COULD REDUCE YOUR TAX BILL.

FOR MORE DETAILS… GO TO I-R-S-DOT-GOV-SLASH-TAX-REFORM.

THEN CLICK "INDIVIDUALS."

SCROLL DOWN TO "SAVINGS PLANS."

THEN CLICK "ABLE SAVINGS ACCOUNTS."

AND… IF YOU FIND THIS VIDEO HELPFUL… PLEASE SHARE IT.

THANK YOU.