Change 529 subheader in Investing header from "Education" to "Education & QDEs"

brumfld
brumfld Quicken Mac Subscription Member
edited August 17 in Product Enhancements

The 529 includes ABLE accounts that cover qualified disability expenses (QDEs). I recommend changing the header to include these other uses. QDEs are way broader than 'education'.

The ABLE Act was passed on December 19, 2014 and amends Section 529 of the Internal Revenue Service Code of 1986 to create tax-advantaged savings accounts for individuals with disabilities, meaning ABLE investment earnings grow tax-free when used for qualified disability expenses (QDEs). By making tax-advantaged savings accounts available to cover qualified disability expenses, this law aims to ease financial strains faced by individuals with disabilities. The funds contributed into these accounts will not negatively impact the person’s eligibility for most means-tested, federally-funded benefits such as Medicaid. The funds in these accounts supplement, but do not replace, benefits provided through private insurance, Medicaid, Supplemental Security Income (SSI), the beneficiary’s employment and other sources.

Education & QDEs

Education & Support

Education & Disability

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