News & Analysis as of August 31, 2025

Income Taxes › Disability

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

Passing Retirement Benefits to a Child With Special Needs

Chambliss, Bahner & Stophel, P.C. on 5/16/2025

Under the SECURE Act, disabled beneficiaries can stretch out inherited retirement account distributions beyond 10 years, provided their life expectancy is longer than the default 10-year rule. Generally, an Applicable...more

Tax-Advantaged ABLE Accounts for Individuals with Disabilities

Proskauer - Proskauer For Good on 1/31/2025

According to a National Disability Institute report (available here), adults living with disabilities need 28% more income on average to achieve the same standard of living as those without disabilities. There are some tools...more

What Happens to an ABLE Account If the Beneficiary Is No Longer Disabled?

Chambliss, Bahner & Stophel, P.C. on 1/20/2020

It is possible that an individual, once diagnosed as a person with special needs, sometime in the future will no longer qualify as “disabled” according to IRS regulations. The individual’s condition might have improved...more

ERISA Newsletter - Fourth Quarter 2017

Proskauer Rose LLP on 1/9/2018

Editor's Overview - For over two decades, federal law has required covered health plans and insurers to ensure that certain mental health benefits are in parity with offered medical/surgical benefits. The meaning of...more

Spotlight On Alabama: A Busy Tax Year in Review

Baker Donelson on 10/29/2015

It has been a busy year for developments in Alabama state taxation. In this tax alert we review many of the significant developments that have occurred over the last 12 months....more

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