Guest guest Posted January 30, 2008 Report Share Posted January 30, 2008 Posted by: " susan berger " alsus131@... danceema Tue Jan 29, 2008 3:05 pm (PST) Hi Got the following from the NJ Council on Developmental Disabilities Newsletter: A bill being considered by lawmakers in Washington DC would allow taxpayers who are planning for the future of a family member with a disability to establish a tax free financial security account. The Financial Security Accounts for the Individuals with Disabilities Act of 2007 (HR 2370), sponsored by Florida Republican Representative, Ander Crenshaw, would amend the federal tax code to allow families to establish a trust exclusively for the purpose of paying certain expenses of an individual with a disability, such as educational, medical, dental, community-based support, employment training and support, and assistive technology, as well as housing and transportation. The money saved in these accounts would not be counted in the determination of eligibility for Social Security or Medicaid benefits. The bill was referred to the House Ways and Means Committee. Introduced in May, the bill has been endorsed by sixty-seven members of the House of Representative who have signed on to the bill as co-sponsors, including New Jersey Representatives Mike Ferguson, (R-10); Payne (D-10); and (R-5) For more information about this effort, go to http://www.ndss.org. Quote Link to comment Share on other sites More sharing options...
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