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Veterans Support: Easier Access to ABLE Accounts

New rules make it easier for disabled veterans to use ABLE savings accounts. Contributions to these accounts will no longer affect their ability to engage in substantial gainful activity, potentially helping veterans maintain benefits while saving for the future.
Key points
Contributions to ABLE accounts by disabled veterans will not reduce their disability benefits.
The act aims to encourage veterans to save without fear of losing essential benefits.
The changes will take effect six months after the act's enactment.
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Additional Information
ABLE Accounts for Veterans Act of 2021
Print number: HR 3444
Sponsor: Rep. Scott, Austin [R-GA-8]
Process start date: 2021-05-20