Indiana launches money-saving program for people with disabilities

-
2:31
Coalition for Democracy holds vigil in honor of victims of gun...
-
6:20
Hispanic Heritage Month 2025 marked by celebrations of culture...
-
4:16
Notre Dame offense shows some promise despite loss to Texas A&M
-
2:50
SJCPD exhumes body of 40-year-old cold case victim
-
2:35
Notre Dame’s defense under fire after 41– 40 loss to Texas...
-
2:28
Police investigating after shots fired incident in Eddy Street...
-
1:27
Warm and dry this week, rain chance this weekend
-
0:59
Groundbreaking for phase two of ’The Cascade’
-
0:54
’Holy War’ matchup off the field in annual Hunger Bowl
-
5:59
Man attempts to swim the Lake Wawasee shoreline
-
1:37
A week of summer ahead for Michiana
-
0:50
Church holds service remembering Charlie Kirk
SOUTH BEND, Ind. - Indiana has launched a new program to help people with disabilities save money without jeopardizing their state and federal benefits.
Indiana State Treasurer Kelly Mitchell was in South Bend to announce the start of the statewide ABLE program Tuesday.
The program will allow people with disabilities to apply for a tax-advantaged savings account to help them save for future disability-related expenses, while still keeping their public benefits.
The savings can be used for expenses including, but not limited to, education, transportation, housing, and medical needs.
There are some restrictions to the program: an individual must have been diagnosed with a disability before the age of 26; an individual can not contribute more than $14,000 per year to the account; the account can only hold $450,000 at one time, or $100,000 for people receiving Social Security benefits.
To learn more about these new savings accounts, visit in.savewithable.com .