State income tax deductions that can save Delawareans thousands are a reality for contributions made since Dec. 31.
In a release, state Treasurer Colleen Davis said, “Creating pathways to economic empowerment remains one of my top priorities for our office. There’s no better way to create that safeguard than by saving, be it for education or the future needs of a person with a disability.”
She added, in reference to the ABLE program and DEPENDABLE accounts, “There’s no limit to what people with disabilities can do so there’s no reason to limit their savings. This new tax deduction will help them save even more.”