Jonathan “Jay” Rivera
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Millions of individuals with disabilities and their families depend on a wide variety of public benefits for income, health care, and food and housing assistance, but these individuals are ineligible for benefits if they have more than $2,000 cash savings and retirement funds. However, the ABLE Act recognizes the significant costs of disability, including raising a child with significant disabilities, and the costs of accessible housing and transportation, personal assistance services, and assistive technology. Furthermore, many caregivers worry about providing for the future of their children with disabilities.
The Achieving a Better Life Experience (ABLE) Act (H.R. 647), a bipartisan bill passed on December 19, 2014, amends the federal tax code to allow Section 529 tax-exempt savings accounts for disability-related expenses. This allows earnings to grow tax deferred and account owners the ability to withdraw earnings to use toward qualified disability expenses. Account contributions are limited to $15,000 per year; however, beneficiaries who are employed can potentially have a higher yearly contribution limit of up to $27,060 due to the newly passed ABLE to Work Act. Assets in your account do not affect eligibility for federal or Arizona means-tested benefits programs like SSI or Medicaid. ABLE Accounts are structurally like 529 accounts, in terms of tax advantages, online use, and investment options, but they have the transactional capabilities of a checking account and the benefits protections of a Special Needs Trust.Find out more »
The Arizona-Sonora Desert Museum is pleased to once again participate in the international event entitled Dreamnight at the Zoo (Friday, October 12, 2018 from 6pm – 9pm). This event was started in 1996 by the Rotterdam Zoo and has since spread to zoos around the world. The purpose of the event is to open our grounds to special needs children, or children who are chronically ill and provide them with an evening of fun away from the public eye. We…Find out more »
The Tucson Buddy Walk is the primary fundraiser and awareness-building event for the Southern Arizona Network for Down Syndrome (SANDS). The Tucson Buddy Walk is an extended family picnic for the entire community that features exhibits, food, entertainment, a raffle and silent auction. Although the Tucson Buddy Walk is less than one mile, it is the largest walk of its kind in Southern Arizona and anyone can participate without special training. SANDS is looking for people who want to be…Find out more »
Register your team for Tucson Buddy Walk at: https://www.ds-stride.org/tucsonbuddywalkFind out more »