Directory of State ABLE Account Programs - SpecialNeedsAnswers
ABLE account programs continue to roll out on a state-by-state basis. Below is a list of state programs we know of so far, with links to each program’s website. Keep in mind that you may be able to set up …
ABLE Accounts: Big Changes Coming in 2025-2027
Jan 1, 2026 · ABLE savers can receive a tax credit up to this amount each year just for contributing to their account, an incentive designed to reward long-term saving and financial independence. Even …
Deposit Up to $19,000 in Your ABLE Account in 2025
Being able to maintain a substantial savings account balance without risking their federal benefits can provide a much-needed cushion. The annual contribution limit for an ABLE account each year …
The Pros and Cons of ABLE Accounts - SpecialNeedsAnswers
Dec 10, 2025 · Here are some pros and cons of these new accounts and how they compare to an alternative, special needs trusts. The Pros of ABLE Accounts A person with disabilities can set up …
What Can ABLE Account Money Be Spent On? - SpecialNeedsAnswers
Mar 31, 2023 · The list of things you can spend Achieving a Better Life Experience (ABLE) account funds on is long, and keeps growing.
An Introduction to ABLE Accounts - SpecialNeedsAnswers
Feb 12, 2020 · When Congress passed the Achieving a Better Life Experience (ABLE) Act in 2014, it was a game-changer for families with special needs. For the first time, there was a tax-advantaged …
ABLE Accounts Will Be Available for More People in 2026
Nov 12, 2025 · An ABLE account functions similar to a 529 college savings plan. It allows individuals to deposit after-tax funds into a special savings account that can grow tax-free if the money is used for …
A Comparison of Special Needs Trusts and ABLE Accounts
Nov 18, 2024 · ABLE account allowable expenses have a broader range. Anything that helps a person with a disability to improve their independence, health, or quality of life is acceptable. QDEs can …
ABLE Accounts vs. Special Needs Trusts: Why Not Have It All?
Dec 28, 2021 · ABLE accounts are easy and inexpensive to set up. Almost all states now have ABLE programs, and if yours doesn’t, you can set up an account using the program in another state that …
Who Can Set Up the ABLE Account? - specialneedsanswers.com
So who is allowed to actually open an account? ABLE accounts can be set up either by the account beneficiary (the person with disabilities), or that person’s parent, legal guardian or another person …