Saving Accounts

Savings Accounts Could Lift People with Disabilities from Poverty

Sen. Sara Gelser wants Oregon to quickly take advantage to changes in the federal tax code that allows people with disabilities to use special 529 accounts already available for college savings. People could use these accounts to save for basic needs without running afoul of the $2,000 assets cap for federal benefits.

The Senate Human Services Committee passed Senate Bill 777 on Thursday, which creates a way for people with disabilities to climb out of poverty without losing their federal disability benefits.

Subscribe to Saving Accounts