Achieving a Better Life Experience (ABLE) accounts are tax-advantaged savings accounts for individuals with disabilities (onset before age 26). Contributions grow tax-free; qualified disability expenses are tax-free withdrawals. Annual contribution limit: $19,000 (2026, indexed). Employed ABLE account holders can contribute additional earnings up to federal poverty line. ABLE balances under $100,000 don't affect SSI eligibility. Available in most US states (Ohio, California, Tennessee, others have programs). Significantly better than third-party special needs trusts for many disability-related savings goals. Saver's Credit applies to ABLE contributions. Coordinate with 529-to-ABLE rollovers (limited annual amounts allowed).
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ABLE Account
August 22, 2026 · Aditya Gupta
Personal Finance
Related terms
1099 Form
Form 1099 is a family of IRS forms reporting various types of non-W-2 income. 1099-NEC reports nonemployee compensation…
529 Plan
A 529 plan is a tax-advantaged education savings account. Contributions grow tax-free; withdrawals for qualified education expenses (tuition,…
AGI
Adjusted Gross Income (AGI) is your total gross income minus specific 'above-the-line' adjustments — traditional IRA contributions, student…
APR
Annual Percentage Rate (APR) is the yearly cost of borrowing money expressed as a percentage of the loan…
APY
Annual Percentage Yield (APY) is the effective annual rate of return on a savings or investment product, accounting…
Asset
An asset is anything you own that has economic value — cash, investments, real estate, vehicles, ownership interests…
