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On December 19, 2014, the Achieving a Better Life Experience (ABLE) Act was signed into law. This federal law will give many people who acquired disabilities prior to the age of 26 the ability to open tax-exempt bank accounts wit​​​hout losing eligibility for federal means-tested benefits. Funds in these accounts can be used for disability-related expenses. Eligible individuals must open an account in their state of residence, and most states are still working to set up programs to administer these accounts. 

To learn more about the ABLE Act in Maryland, view the archived webinar, housed on the Maryland Department of Disabilities website.  

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