HR 3444
ABLE Accounts for Veterans Act of 2021
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Bill overview
This bill aims to help disabled veterans receive Social Security Disability Insurance (SSDI) benefits by clarifying how contributions to ABLE accounts are considered when determining their ability to work. Specifically, it instructs the Social Security Administration to ignore contributions made by veterans to ABLE accounts – savings accounts designed for disability expenses – when calculating if they are earning too much to qualify for SSDI. This change ensures that veterans who are saving for their future needs through ABLE accounts are not penalized in their benefits eligibility.
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