An Update on ABLE Accounts
The Achieving a Better Life Experience (ABLE) Act was signed into law on December 19, 2014. The ABLE Act amended the federal tax code to allow families the opportunity to set up tax-exempt 529A savings accounts for disability-related expenses.
Modeled after college savings accounts, ABLE accounts enable people with autism and their families to save for housing, education, transportation, medical and other expenses related to their disability. This allows individuals with disabilities, including autism, to save for their future needs without losing access to other resources.
Today, 40 states, including the District of Columbia, offer ABLE programs. The nationwide investment in ABLE accounts exceeds $100 million!
For information on your states' ABLE program, click on the map below!
For more information on ABLE and our advocacy efforts, check out this webinar by our Senior Vice President of Advocacy, Stuart Spielman.