Where are ABLE accounts for special needs family members addressed in the tax code? I didn't see it in Fed or state. Thx.

[Rachel_W]

Contributions to ABLE accounts are not deductible on your Federal Tax return; however, they may be deductible on your State return depending on where you live. 

Here are some links you may find helpful regarding ABLE Accounts:

• TurboTax Article on Tax Benefits of ABLE accounts

• https://www.irs.gov/newsroom/irs-reminds-those-with-disabilities-of-new-able-account-benefits

• IRS Publication 907

If you have another question regarding ABLE accounts, please comment below so that I can assist you further.

[Curious One]

I'm looking to do an indirect rollover from a 529 to an ABLE account.  I am the owner of the 529 while my child is the beneficiary.  Under ABLE, I understand that the owner and the beneficiary must be the same person.  It it therefore necessary for the withdrawal from the 529 be made in my child's name?  If not, and considering that the rollover itself will be a non-taxable event, are there any tax implications or other good reasons to doing it in either my name or my child's name?