disability Archives - Milliken, Perkins & Brunelle

More individuals with disabilities will be eligible for tax-advantaged ABLE accounts in 2026

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December 23, 2025 Kevin Brunelle ABLE account, Achieving a Better Life Experience, disability

disability ABLE account

Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar to saving for college expenses with a Section 529 plan? Achieving a Better Life Experience (ABLE) accounts can help fund qualified disability expenses for an eligible beneficiary. The SECURE 2.0 Act, signed into law in 2022, made changes that will allow more people to be eligible for ABLE accounts beginning in 2026. The One Big Beautiful Bill Act (OBBBA), signed into law July 4, 2025, has made certain enhancements to them permanent.
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Disabled family members may be able to benefit from ABLE accounts

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August 15, 2023 Kevin Brunelle ABLE account, disability, gift tax

ABLE account

If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for disability-related expenses. The SECURE 2.0 law made changes that will allow more people to be eligible for these accounts, beginning in 2026.

Disability income: How is it taxed?

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November 3, 2020 Kevin Brunelle disability, disability income

disability income tax

Many Americans receive disability income. You may wonder if — and how — it’s taxed. As is often the case with tax questions, the answer is … it depends.