Missouri ABLE savings program

E926194

The Missouri ABLE savings program is a state-sponsored initiative that allows eligible individuals with disabilities and their families to save and invest money for disability-related expenses in tax-advantaged accounts without jeopardizing certain public benefits.

All labels observed (3)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf disability savings program ⓘ
state-sponsored ABLE savings program ⓘ
tax-advantaged savings program ⓘ
accountControl may be managed by an authorized legal representative if needed ⓘ
accountOwnership owned by the eligible individual with a disability ⓘ
accountType 529A ABLE account ⓘ
administeredBy Missouri State Treasurer’s Office ⓘ
allows investing money for disability-related expenses ⓘ
saving money for disability-related expenses ⓘ
alsoKnownAs MO ABLE ⓘ
Missouri ABLE ⓘ
basedOn Achieving a Better Life Experience Act of 2014 ⓘ
benefitType investment accounts ⓘ
protection of eligibility for certain public benefits ⓘ
tax-advantaged savings ⓘ
contributionSource account owner ⓘ
family members ⓘ
friends ⓘ
third parties ⓘ
country United States ⓘ
designedTo encourage savings by individuals with disabilities ⓘ
reduce reliance on institutional care by supporting community living ⓘ
eligibilityCriterion Missouri residency requirement for the account owner or other state-specific rules ⓘ
meets Social Security definition of disability or comparable standard ⓘ
onset of disability before age 26 ⓘ
feature earnings grow tax-deferred for federal tax purposes ⓘ
qualified withdrawals are tax-free for federal tax purposes ⓘ
hasAnnualContributionLimit yes ⓘ
hasContributionLimit yes ⓘ
hasLifetimeContributionLimit yes ⓘ
operatedIn Missouri ⓘ
primaryPurpose allow eligible individuals with disabilities to save for disability-related expenses ⓘ
provide tax-advantaged savings for disability-related expenses ⓘ
protectsBenefit Medicaid ⓘ
Supplemental Security Income ⓘ
regulatoryFramework Missouri state statutes governing ABLE accounts ⓘ
federal ABLE Act regulations ⓘ
sponsoredBy State of Missouri ⓘ
targetPopulation families of individuals with disabilities ⓘ
individuals with disabilities ⓘ
useOfFunds assistive technology and related services ⓘ
education expenses related to disability ⓘ
employment training and support ⓘ
financial management and administrative services ⓘ
health care expenses related to disability ⓘ
housing expenses related to disability ⓘ
other qualified disability-related expenses as defined by federal law ⓘ
personal support services ⓘ
transportation expenses related to disability ⓘ
website official Missouri ABLE program website ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Missouri State Treasurer → oversees → Missouri ABLE savings program ⓘ
Missouri State Treasury → oversees → Missouri ABLE program ⓘ
linked to: Missouri ABLE savings program
Missouri ABLE savings program → alsoKnownAs → Missouri ABLE ⓘ
linked to: Missouri ABLE savings program