The ABLE basics
ABLE accounts allow individuals with disabilities or blindness and their families to save for the resources they need today and in the future.
Why Save with ABLE?
- Get special tax advantages
Income earned on ABLE savings will not be taxed. Plus, some states allow for state income tax deductions for contributions made to an ABLE account. - Help grow your savings
ABLE programs offer account owners multiple investment options to help make their savings work harder for them. Plus, most ABLE programs offer a debit card option so you can access your savings at your convenience. - Maintain current benefits
ABLE accounts allow individuals to save without jeopardizing their eligibility for SSI, Medicaid, and other public benefits.
Using Your Savings
Your ABLE savings can be used for any expense that might help you improve or maintain your quality of life, including:
- Education
- Housing
- Transportation
- Employment training and support
- Assistive technology
- Personal support services
- Health care expenses
- Financial management
- Administrative services
Are You ABLE Eligible?
Individuals with qualifying disabilities that had an age of onset before 26 are eligible to save through an ABLE program. Starting in 2026, the age of onset increases to 46. Learn more.
- If you meet this age criteria and are eligible for benefits under SSI and/or SSDI, you’re automatically eligible to establish an ABLE account.
- If you are not eligible for SSI and/or SSDI, but still meet the age of onset disability requirement, you could still be eligible to open an ABLE account if you meet Social Security’s definition regarding significant functional limitations and attest to a disability certification.
