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AB 984 would allow state tax deductions for CalABLE contributions; supporters cite savings benefits for Californians with disabilities
Summary
AB 984 would permit state income tax deductions for contributions to CalABLE accounts, a federal‑authorized savings vehicle for people with disabilities. Testimony included account holders and CalABLE staff describing how the accounts help families save while preserving public benefits; the bill was referred to the committee suspense file.
Assemblymember Nguyen (presenting AB 984) told the committee the bill would allow state income tax deductions for contributions to CalABLE savings accounts, which are used by many low‑income Californians with disabilities and are often the only practical vehicle for saving without jeopardizing…
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