Quantcast

Mo Able Aims to Help Missourians with Disabilities Save Money - KOAM TV 7

Mo Able Aims to Help Missourians with Disabilities Save Money

Updated:
CARTHAGE, MISSOURI -

     Missouri's State Treasurer launched a new program Monday, designed to give Missourians with disabilities financial independence. The new MO ABLE program will allow people with disabilities to invest their money in tax free savings accounts without losing eligibility for federal programs like supplemental security income and Medicaid.

     The money invested in MO ABLE accounts will not be subject to federal or state income tax as long as the funds are spent on disability expenses. Missouri State Treasurer Eric Schmitt says, "What this does, is it allows families to save for the long term needs of a loved one with a disability like they would for college, or an individual with a disability would be able to save money."

     Mo Able has a website where those interested can learn more, and create an account. It's moable.com

Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2017 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.