ABLE Account Information

U.S. Sen. Bob Casey (D-PA) has announced a new bill that seeks to make it easier for people in the disability community who are living with limited resources to open an ABLE savings account.

ABLE account owners who are employed can contribute work income to this type of account beyond the typical $17,000 annual threshold until the end of 2025.

The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will affect people with disabilities on several fronts.

The list of things you can spend Achieving a Better Life Experience (ABLE) account funds on is long, and keeps growing.  ...

The maximum amount that can be contributed each year to an ABLE account for a person with disabilities just rose $1,000 to $16,000.  The figure had been stuck at $15,000 since 2018.  ...

ABLE accounts and special needs trusts can accomplish the same goals, but each has its advantages and limitations. The best approach, depending on the beneficiary, may be to use them in tandem.

More than six million people whose disabilities arose later in life will be able to open ABLE savings accounts if a bill just reintroduced in Congress, the ABLE Age Adjustment Act, becomes law.

Recipients with disabilities who rely on government benefits may want to consider putting some or all of the $1,400 relief money into an ABLE account.

ABLE accounts are proving to be less of a savings vehicle and more of a game-changer that allows beneficiaries of programs like SSI to pay for their own living expenses and achieve an unprecedented level of independence.