{"id":238,"date":"2019-03-12T09:44:56","date_gmt":"2019-03-12T16:44:56","guid":{"rendered":"https:\/\/redhotlocalmarketing.com\/gayle\/?p=238"},"modified":"2019-07-17T08:27:00","modified_gmt":"2019-07-17T15:27:00","slug":"able-accounts-did-you-know","status":"publish","type":"post","link":"https:\/\/reddingbookkeeping.com\/able-accounts-did-you-know\/","title":{"rendered":"ABLE Accounts – Did You Know?"},"content":{"rendered":"

Under the Tax Cuts and Job Act (TCJA), starting in 2018, the annual contribution limit for Achieving a Better Life Experience (ABLE) accounts has been increased from $14,000 to $15,000.<\/p>\n

You may also be able to claim the Saver’s Credit for a percentage of your contribution to an ABLE account if you’re the designated beneficiary.<\/p>\n

\n

The TCJA also allows eligible individuals with disabilities to put more money into their ABLE accounts, and roll in money from their 529 plan to their own or a family’s ABLE account. The additional amount may be up to the lesser of the two amounts:
\n– The designated beneficiary’s compensation for the tax year
\n– The poverty line for a one-person household. For 2018, this amount is $12,140 in the continental U.S., $13,960 in Hawaii, and $15,180 in Alaska.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Under the Tax Cuts and Job Act (TCJA), starting in 2018, the annual contribution limit for Achieving a Better Life Experience (ABLE) accounts has been increased from $14,000 to $15,000. You may also be able to claim the Saver’s Credit for a percentage of your contribution to an ABLE account if you’re the designated beneficiary. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"yoast_head":"\nABLE Accounts - Did You Know? - Gayle's Full Service Tax and Bookkeeping<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reddingbookkeeping.com\/able-accounts-did-you-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABLE Accounts - Did You Know? - Gayle's Full Service Tax and Bookkeeping\" \/>\n<meta property=\"og:description\" content=\"Under the Tax Cuts and Job Act (TCJA), starting in 2018, the annual contribution limit for Achieving a Better Life Experience (ABLE) accounts has been increased from $14,000 to $15,000. 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