IRS rethinks rules for savings accounts to care for young people with disabilities (ABLE Act)

https://goo.gl/nGvk04

The latest guidelines said states mostly would not have to collect taxpayer Social Security numbers from those who contribute to such an account. It also said those who apply for an account won't have to submit physician documentation showing a disability diagnosis, the IRS wrote in a noticeFriday.

“These are important issues for an administrator,” said Andrea Feirstein, president of AKF Consulting.