Delaware HB 296 - helping people increase savings in ABLE accounts

321foundation is proud to be a part of the efforts to pass Delaware HB 296 which will promote contributions to 529a ABLE savings accounts by offing a tax deduction. This will promote savings and financial independence for Delaware ABLE account holders. Funds from the accounts can be used  for many quality of life expenses not covered by Medicaid. 

Bill summary:

This bill creates a tax deduction of up to $2,500 for an individual or $5,000 for a married couple for contributions to a qualified 529A savings account, or "ABLE" plan - a special account for meeting the needs of certain individuals with disabilities. The deduction may only be claimed by a taxpayer who makes less than $125,000 or a married couple who makes less than $250,000. It is applicable only to ABLE plans sponsored by the State of Delaware or offered by a consortium of states of which Delaware is a member.

The bill was introduced on 1/16/18 and will be reviewed in committee by the end of the month. 

http://legis.delaware.gov/BillDetail?legislationId=26251

When It Comes To Special Ed, Quality Can Depend On Zip Code

Experts estimate that up to 90 percent of students with disabilities can graduate high school meeting the same academic expectations as their peers. But parents and advocates say that other 10 percent are often assumed to be less capable than they are.

https://www.disabilityscoop.com/2017/12/13/when-special-ed-quality-zip-code/24524/

Celebrities supporting people with DS

Here are some celebrities, athletes and public figures who love someone with Down syndrome...

23 Celebrities and Public Figures Who Love Someone With Down Syndrome

From TheMighty.com

Christie, Legislature help New Jerseyans with Down syndrome make progress | Opiniono

This year, New Jerseyans with Down syndrome and their families have more to celebrate than usual.

Gov. Chris Christie recently signed into law the bipartisan Achieving a Better Life Experience (ABLE) Act, which will help people with disabilities save for the future and promote financial independence. New Jersey is also leading the way by banning discrimination against people with disabilities when determining who receives organ transplants.

http://www.nj.com/opinion/index.ssf/2016/03/new_jerseyans_with_down_syndrome_make_progress_opi.html#incart_river_index

Congress May Consider Tweaks To ABLE Accounts

Federal lawmakers are already looking to expand the eligibility and capabilities of a new type of savings account for people with disabilities.

A package of three bills introduced this month in Congress would offer extra flexibility to individuals with disabilities using accounts created under the Achieving a Better Life Experience, or ABLE, Act.

https://www.disabilityscoop.com/2016/03/22/congress-tweaks-able-accounts/22074/