Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the new Tax Cuts and Jobs Act.
Among the changes in the Tax Cuts and Jobs Act, signed by President Trump on December 22, is a provision that could provide some temporary relief for families with high medical expenses.
While most of the new tax law has to do with reducing the corporate tax rate from 35 percent to 21 percent, some provisions relate to individual taxpayers, including changes to the estate tax [...]