IRS Tax Reforms Affect ABLE Accounts, Saver’s Credit and 529 Rollovers

The Tax Cuts and Jobs Act made several changes to ABLE accounts. ABLE accounts were created by The Achieving a Better Life Experience Act of 2014. They are authorized tax-advantaged section 529A accounts to help disabled people pay for qualified disability-related expenses.

These are changes that will affect people who have an ABLE account.