Oregon among the first wave of ABLE savings plans available for individuals with disabilities

Oregon among the first wave of ABLE savings plans available for individuals with disabilities

In December of 2016, the Oregon ABLE Savings Plan became available to individuals in Oregon. ABLE savings plans allow some individuals with disabilities to create tax-advantaged savings accounts —similar to 529 college savings plans. These tax-advantaged savings accounts can be used to cover qualified disability expenses such as education, housing, and transportation.

When Oregon began to explore the idea of building a savings plan, All Born (in), along with representatives from many entities across the state, joined the state-wide task force and helped shape the Oregon plan, to ensure that it was built with person-centered values and be as accessible as possible to adults with developmental disabilities.

For more information on ABLE accounts, and to see if it’s a good fit for your family, visit oregonablesavings.com

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