Senator Schumer pushing for tax discounts for families with special needs children
Wed, 06 Aug 2014 19:40:40 GMT —
Financial help could soon be on the way for the families of children with special needs.
Senator Charles Schumer is pushing for legislation that would provide families with developmentally disabled children tax free accounts that would help pay for medical bills and other expenses.
Schumer, speaking at ARC of Onondaga in Syracuse Wednesday, says the bill, called Achieving a Better Life Experience Act (ABLE), would provide much needed help to families raising children with special needs like Autism and Down syndrome.
"What we're proposing is a tax break like an IRA or College Tuition Account, which allows families to put money aside tax free and put money aside for those kinds of expenses," he says.
Schumer says it costs the average family close to $20,000 a year to care for a developmentally disabled child.