Achieving a Better Life Experience Act of 2014

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The Achieving a Better Life Experience Act of 2014 is a U.S. federal law that created tax-advantaged savings accounts (ABLE accounts) to help individuals with disabilities and their families save for disability-related expenses without losing eligibility for means-tested public benefits.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf United States federal law ⓘ
social welfare legislation ⓘ
tax law ⓘ
accountName ABLE account ⓘ
allows states to establish and maintain ABLE programs ⓘ
alsoKnownAs ABLE Act ⓘ
appliesTo eligible individuals with significant disabilities ⓘ
appliesToJurisdiction federal government of the United States ⓘ
benefitType asset protection for public benefit eligibility ⓘ
tax preference ⓘ
chamberInvolved United States House of Representatives ⓘ
United States Senate ⓘ
concerns asset limits for means-tested benefits ⓘ
qualified disability expenses ⓘ
country United States of America ⓘ
creates ABLE account ⓘ
enables saving for qualified disability-related expenses ⓘ
fullName Achieving a Better Life Experience Act of 2014 ⓘ
goal to increase financial independence for people with disabilities ⓘ
to reduce disincentives to work and save for individuals with disabilities ⓘ
hasAbbreviation ABLE ⓘ
hasComponent rules for ABLE account contribution limits ⓘ
rules for qualified disability expenses ⓘ
intendedEffect to encourage long-term savings for disability-related needs ⓘ
isPartOf United States disability rights framework ⓘ
isRelatedTo Americans with Disabilities Act of 1990 ⓘ
Social Security Act ⓘ
language English ⓘ
legalEffect amended the Internal Revenue Code to add section governing ABLE accounts ⓘ
legalStatus in force ⓘ
legislativeBody United States Congress ⓘ
policyArea health and human services ⓘ
social security and disability assistance ⓘ
taxation ⓘ
primaryPurpose to allow individuals with disabilities to save for disability-related expenses without losing eligibility for means-tested public benefits ⓘ
to create tax-advantaged savings accounts for individuals with disabilities ⓘ
protects eligibility for means-tested public benefits ⓘ
regulates tax treatment of ABLE account contributions and distributions ⓘ
relatedProgram Medicaid ⓘ
Supplemental Security Income ⓘ
shortName ABLE Act of 2014 ⓘ
signedBy Barack Obama ⓘ
subjectMatter disability policy ⓘ
public benefits eligibility ⓘ
tax-advantaged savings ⓘ
targetPopulation families of individuals with disabilities ⓘ
individuals with disabilities ⓘ
typeOfAccountCreated tax-advantaged savings account ⓘ
yearEnacted 2014 ⓘ

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Oregon ABLE Savings Plan → basedOn → Achieving a Better Life Experience Act of 2014 ⓘ
North Carolina ABLE savings program → federalLegalBasis → Achieving a Better Life Experience Act of 2014 ⓘ
Achieving a Better Life Experience Act of 2014 → shortName → ABLE Act of 2014 ⓘ
linked to: Achieving a Better Life Experience Act of 2014
Achieving a Better Life Experience Act of 2014 → fullName → Achieving a Better Life Experience Act of 2014 ⓘ
Missouri ABLE savings program → basedOn → Achieving a Better Life Experience Act of 2014 ⓘ