Missouri to launch new disability savings accounts program

1 year 6 months 3 weeks ago Monday, April 24 2017 Apr 24, 2017 Monday, April 24, 2017 7:34:00 AM CDT April 24, 2017 in News
By: The Associated Press

ST. LOUIS (AP) — Missouri is launching a new program for tax-free savings accounts to help families financially support people with disabilities.

Treasurer Eric Schmitt will announce the program's start Monday in St. Louis. It will allow people with disabilities or their families to open tax-exempt savings accounts to pay for related expenses.

The savings wouldn't count toward total assets when determining a person's eligibility for Medicaid or other benefits.

Other people can give tax-deductible donations of as much as $8,000 to the program, which then will be invested. Married couples can give as much as $16,000.

Schmitt sponsored the legislation when he was a state senator in 2015.

Schmitt's 12-year-old son Stephen has disabilities. The treasurer's spokesman Garrett Poorman said Stephen will be the first to open a savings account.

More News

Grid
List
COLUMBIA – Columbia Police and the Boone County Sheriffs Department served three federal search warrants at businesses and residents in... More >>
9 minutes ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 1:32:00 PM CST November 14, 2018 in News
BOONE COUNTY - A car accident on I-70 westbound killed two people and shut down the highway Wednesday afternoon. ... More >>
29 minutes ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 1:12:00 PM CST November 14, 2018 in Top Stories
MONROE COUNTY - The Missouri State Highway Patrol's Troop B found Raffaella M. Stroik dead in Mark Twain Lake on... More >>
1 hour ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 12:14:00 PM CST November 14, 2018 in Top Stories
COLUMBIA, MO. – The University of Missouri Women’s Golf team announced Wednesday it has signed Bri Bolden of Mokena, Ill.... More >>
1 hour ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 12:07:00 PM CST November 14, 2018 in Sports
COLUMBIA - A Columbia woman is celebrating after winning a $64,000 jackpot. Penny McNear stops at Moser’s Foods on... More >>
2 hours ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 11:22:00 AM CST November 14, 2018 in Top Stories
WASHINGTON (AP) — President Donald Trump is planning to support the first major rewrite of the nation’s... More >>
2 hours ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 11:07:15 AM CST November 14, 2018 in News
COLUMBIA - The community will get a chance to learn more about autism Wednesday morning. The annual Columbia Autism... More >>
9 hours ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 4:08:00 AM CST November 14, 2018 in Top Stories
COLUMBIA - Columbia plow drivers will be participating in the annual dry snow run to practice routes for the upcoming... More >>
9 hours ago Wednesday, November 14 2018 Nov 14, 2018 Wednesday, November 14, 2018 3:54:00 AM CST November 14, 2018 in Top Stories
BOSTON (AP) - World Against Toys Causing Harm, Inc. (W.A.T.C.H.) today revealed its nominees for the “10 Worst Toys of... More >>
17 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 7:54:00 PM CST November 13, 2018 in News
COLUMBIA - The Almeta Crayton Community Program will be expanding its annual "Everybody Eats" Thanksgiving community to more locations. ... More >>
18 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 7:24:00 PM CST November 13, 2018 in News
COLUMBIA - The city of Columbia is delivering an annual citizen’s survey to a random sample of households. The... More >>
18 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 6:58:00 PM CST November 13, 2018 in News
COLUMBIA - Ryan Howard, a University of Missouri senior, is getting ready to head home for Thanksgiving break. But, his... More >>
19 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 6:29:00 PM CST November 13, 2018 in News
COLUMBIA - Tuesday night a Columbia committee rejected the Kroenke Group's attempt for a city code variance at the former... More >>
21 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 4:10:00 PM CST November 13, 2018 in News
KANSAS CITY (AP) — Jackson County Prosecutor Jean Peters Baker says her office will not prosecute most marijuana possession cases.... More >>
22 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 3:19:43 PM CST November 13, 2018 in News
COLUMBIA – After several years of legal battles that culminated in $884,000 worth of legal fees, Trinity Lutheran Church celebrated... More >>
23 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:46:00 PM CST November 13, 2018 in Top Stories
COLUMBIA - Two men were arrested and charged with second-degree burglary and stealing from Lange Middle School in Columbia. ... More >>
1 day ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:29:00 PM CST November 13, 2018 in News
FULTON - A woman said she plans to hire a lawyer to investigate an incident at Bush Elementary School in... More >>
1 day ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:16:00 PM CST November 13, 2018 in News
JEFFERSON CITY - The Jefferson City Catholic Church's leader said Tuesday he wanted to set a code of conduct for... More >>
1 day ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 10:40:00 AM CST November 13, 2018 in Top Stories
Columbia, MO
Broken Clouds 34°
2pm 37°
3pm 37°
4pm 36°
5pm 34°