As we’ve previously discussed, a new federal law called the Achieving a Better Life Experience (ABLE) Act gives some people with disabilities or their families the ability to establish tax-free savings accounts that will not affect their ability to qualify for, or remain on, government assistance.  Advocates have fought for years for this law and…

As tax season comes to a close, donors and trustees should be aware that in certain circumstances, a third-party special needs trust may be treated as a “qualified disability trust” for purposes of income taxation. Why should you care? Because a qualified disability trust is allowed to take a much higher personal exemption than a…

President Obama’s recently-released Fiscal Year 2016 Budget proposes a reallocation of payroll taxes to fix the anticipated shortfall in the Social Security Disability Insurance (SSDI) trust fund, along with increased employment assistance for people with disabilities and additional funding for the hiring of administrative law judges to handle disability benefit appeals. The SSDI trust fund…

April 15th is right around the corner, which means that it is time to file yet another personal income tax return. Although some people with disabilities may not have enough income to necessitate an income tax filing, most people will need to file a return based on their earned and unearned income. Beneficiaries and trustees…

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