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ABLE Act clears Senate, would allow tax-free account to help disabled with expenses
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People with disabilities could set up a tax-free account to cover expenses under a bill that has cleared the Senate.

Senators voted unanimously in favor on Monday.

The accounts could be used for medical care, housing, transportation and other needs. Advocates say the bill, known as the “ABLE Act,” will help people with disabilities save money without risking eligibility for government aid including Medicaid.

Only people with disabilities that appear before age 26 would be eligible to create an account.

The bill returns to the House.

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