- Associated Press - Tuesday, February 14, 2017

MONTPELIER, Vt. (AP) - Vermont’s treasurer says the state will soon launch a tax-free savings program for residents with disabilities.

State Treasurer Beth Pearce tells The Times Argus (https://bit.ly/2l4ItGX ) the disabled have been precluded from effectively saving in the past because asset limits cause them to lose access to much-needed assistance.

Pearce says the VT-ABLE savings plan was created under the Achieving a Better Life Experience Act, signed by former President Barack Obama.

Under the program, Vermonters can save up to $14,000 annually on expenses related to their disability and as much as $426,000 during their lifetime.

VT-ABLE is expected to roll out in the next few months. The program will be administered through a partnership with the Ohio State Treasurer’s Office.



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Information from: The Times Argus, https://www.timesargus.com/

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