ABLE Account Information

ABLE accounts are tax-advantaged savings accounts that people with disabilities can use to cover qualified disability-related expenses.

With new changes from the One Big Beautiful Bill Act and the ABLE Age Adjustment Act taking effect over the next few years, ABLE accounts are poised to become even more powerful tools for independence and inclusion.

The ABLE Employment Flexibility Act seeks to allow individuals with disabilities to contribute a portion of their earned income to their ABLE accounts beyond the standard contribution limit.

Filing taxes can be time-consuming and complicated, but there are some available resources, benefits, and tax credits that can help individuals with disabilities lower their tax liability and boost their savings.

The annual contribution limit for an ABLE account each year typically goes up in line with the annual gift tax exemption.

Every family has different needs and circumstances when assessing whether a special needs trust or ABLE account is the better option for their loved one with disabilities.

The Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to the U.S. tax code. Many of its provisions are set to expire, or "sunset," at the end of 2025. It also made three key changes to ABLE accounts that...

ABLE accounts can enhance quality of life for people with disabilities, offering financial protection while preserving access to public benefits for some individuals.

Qualifying people with disabilities can accumulate savings in a tax-free ABLE account without risking their means-tested public benefits. In 2024, the annual limit on how much money one can deposit into these accounts will rise to $18,000 per year.