Using Your ABLE Account for Qualified Housing Expenses

Did you know you can use your Attainable account to pay for a variety of qualified housing expenses, including rent, mortgage, and property taxes? Get the details in our video, and learn more about Attainable on our Attainable page.

Transcript

Please note that this transcript was auto-generated. We apologize for any minor errors in spelling or grammar.


Hello and welcome to MIFA's series about qualified disability expenses, sometimes called QDEs, for Attainable, the Massachusetts able savings plan that helps individuals with disabilities save for the future. Today, we'll be talking about qualified housing expenses. You can use your Attainable account to pay for the following qualified housing expenses.


Rent, including first and last month's rent payments, and your security deposit. Mortgage and house down payments, which also includes property insurance required by the mortgage holder. Real property taxes. These are property taxes for the land plus the buildings and fixtures permanently attached to it.


This is as opposed to personal property taxes, which are for things that travel with you when you move. Fuel for heat. As well as gas and electricity, water and sewer, and garbage removal. To learn more about Attainable, contact us at 844 458 2253 or visit MIFA. org slash ABLE.



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