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While working at the Jewish Federations of North America, Kaufman pushed for legislation that would offer more financial security to people with disabilities, including the ABLE Age Adjustment Act (S.331) and the Savings Penalty Elimination Act (S.4102). [11]
Millions of Medicare enrollees are likely to see relief in 2025 when a $2,000 cap on out-of-pocket prescription drug-spending goes into effect.
On December 20, 2022, “Division T - Secure 2.0 Act of 2022” was added to H.R. 2617 (Consolidated Appropriations Act, 2023), incorporating H.R. 2954 into the omnibus bill. The omnibus bill, including Division T, passed the Senate On December 22nd, passed the House on December 23rd, and signed into law by President Joe Biden on December 29, 2022.
An ABLE account, also known as a 529 ABLE or 529A account, is a state-run savings program for eligible people with disabilities in the United States. Rules governing ABLE accounts are codified in Internal Revenue Code section 529A, which was enacted by the Achieving a Better Life Experience (ABLE) Act in 2014.
Saving for retirement will get a modest boost in 2025 thanks to higher contribution limits and the phase-in of provisions stemming from the Secure 2.0 Act, which became law at the end of 2023.
Oct. 14—WILKES-BARRE — Treasurer Stacy Garrity and U.S. Sen. Bob Casey on Monday announced the PA ABLE Savings Program has surpassed $135 million in assets — a major program milestone.
Veterans' Compensation Cost-of-Living Adjustment Act of 2022 To increase, effective as of December 1, 2022, the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans, and for other purposes.
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