For the first time in four years, the amount of money that people with disabilities can save without jeopardizing eligibility for government benefits is rising. Starting this month, the Internal Revenue Service said that the federal gift tax exclusion is growing from $15,000 to $16,000 annually.
As we continue with our preparations for celebrating the holiday season, I want to take a look back at 2021 before we close the door on it and welcome in 2022.
People with disabilities receiving Supplemental Security Income and other Social Security benefits are set to see the biggest rise in their monthly payments since 1982. The change is the result of an automatic cost-of-living adjustment, or COLA, which is tied to inflation.
The National Academy of Elder Law Attorneys has designated October as "National Special Needs Law Month." In honor of National Special Needs Law Month, Achieva Family Trust would like to take this opportunity to remind readers of the importance of future planning for individuals with disabilities.