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New Member
posted Jun 3, 2019 5:05:14 PM

Are able account deposits deductable?

Taxpayer with long term disability deposited some of his earnings into an ABLE (disability related) account. Are these deductible from his income.

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1 Replies
New Member
Jun 3, 2019 5:05:16 PM

Yes, ABLE account contributions are deductible in some states, but not on your federal return.