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BEGIN:VEVENT
UID:620@dev.dscc.uic.edu
DTSTART;TZID=America/Chicago:20170221T140000
DTEND;TZID=America/Chicago:20170221T150000
DTSTAMP:20170216T153413Z
URL:https://dev.dscc.uic.edu/events/able-information-session-in-carbondale
 /
SUMMARY:ABLE Information Session in Carbondale
DESCRIPTION:Program will explain how federally tax-advantaged savings progr
 am benefits people with disabilities.\n\nIllinois State Treasurer Michael 
 Frerichs is hosting an informational session on Feb. 21 at the Carbondal
 e City Hall /Civic Center to explain how persons with disabilities can be
 nefit from the Achieving a Better Life Experience (ABLE) act.\n\nThe Illin
 ois ABLE program is a tax-advantaged investment program that provides pers
 ons with blindness or disabilities the option to save for disability-relat
 ed expenses without jeopardizing their federal disability benefits.\n\nIll
 inois leads the National ABLE Alliance\, a partnership of 14 states with t
 he goal of providing the most robust ABLE services possible at the lowest 
 cost to account owners.\n\nABLE investment and banking accounts can grow t
 ax free and can be used to pay for qualifying\, disability-related expense
 s.\n\nTo qualify for an ABLE account\, the account owner must have develop
 ed the disability or blindness before the age of 26. With the age establis
 hed\, a person who qualifies for Social Security Administration benefits\,
  or has received a waiver from the IRS\, will qualify for an ABLE account.
 \n\nAnnual contribution limits are tied to the federal gift tax amount\, w
 hich today is $14\,000. The ABLE investment can grow up to $100\,000 and s
 till not be counted toward eligibility for Social Security Income or other
  means-tested programs at the federal level. When an ABLE account balance 
 exceeds the $100\,000 cap\, Social Security Income benefits are suspended.
  The benefits automatically resume if the account value falls below $100\,
 000. ABLE balances have no implications on Medicaid eligibility.\n\nFor mo
 re information\, visit www.IllinoisABLE.com.
CATEGORIES:Special Event
LOCATION:City Hall/Civic Center\, Conference Room 116\, 200 S. Illinois Ave
 .\, Carbondale\, IL \, 62901\, United States
GEO:37.7257098;-89.21717089999998
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 ondale\, IL \, 62901\, United States;X-APPLE-RADIUS=100;X-TITLE=City Hall/
 Civic Center\, Conference Room 116:geo:37.7257098,-89.21717089999998
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