The Tax Increase Prevention Act of 2014 was signed by President Obama on December 19th, 2014 which extended a number of individual, business, and energy credits. The Act also provided for the establishment of tax-favored accounts that can be used to save for disability related expenses otherwise known as Achieving a Better Life Experience accounts or ABLE accounts.
We thank you for visiting our law blog. The comments and articles written in this blog are not meant to replace the advice of a tax attorney or CPA. We also provide updates on social media.