“The Stephen Beck Jr. Achieving a Better Life Experience (ABLE) Act (Public Law 113-295) was signed into law on December 19, 2014. The ABLE Act amends the Internal Revenue Service Code of 1986 to create tax-free savings accounts for individuals with disabilities. The funds in the ABLE account do not count toward the $2,000 cap on assets that is required to remain eligible for critical government supports. An ABLE account may fund a variety of essential expenses for individuals with disabilities including medical and dental care, education, community based supports, employment training, assistive technology, housing and transportation. The federal ABLE Act authorizes the states to develop their own ABLE programs, and many states have moved quickly to pass ABLE laws and are in various stages of developing their ABLE programs.” – National Down Syndrome Society
For information about your state’s ABLE program please click on your state:
Several improvements have been made to the law since 2014. Click here to view those improvements.
For frequently asked questions please click here.
To open an account or to ask specific questions regarding your eligibility please contact a state treasurer office of your choosing. A good place to start is the Delaware State Treasurer Office. They are always very helpful and happy to answer any questions.