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In 2015, Governor Brown signed the California ABLE Act which allows qualified individuals with disabilities to open tax-advantaged ABLE accounts in California. You might have seen my other videos where I mentioned ABLE accounts. Well today it's the main star in the spot light. I'll dive into Join CalABLE and California State Treasurer Fiona Ma at the LA Abilities Expo THIS FRIDAY!
An ABLE account means that you can save up money without losing your benefits. It also lets family and friends give you money without affecting your benefits. If you are a CalABLE account holder, you can have up to $100000 in your CalABLE account without risking your benefits.
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CalABLE is a savings and investment program offered by the state of California to people with disabilities that began before maaccountinghub #viral #ytshorts #youtubeshorts #shortvideo. This legislation increases the eligibility age of beneficiaries of ABLE accounts from the onset of disability before age 26 to age 46—beginning January 1, 2026.
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