|Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act|
The Stephen Beck, Jr. Achieving a Better Life Experience Act (ABLE Act) became law on December 19, 2014. The ABLE Act creates a new option for some people with disabilities and their families to save for the future, while protecting eligibility for public benefits.
ABLE plans can change the way individuals with disabilities and their families participate in the community, build financial wellness and plan for the future by empowering them to save and invest for the added expenses that come with having a disability without losing access to federal means-tested benefits.
ABLE accounts foster person-centered independence, build self-reliance, encourage employment and improve quality of life. Contributions to ABLE accounts can come from earnings, family, friends and other sources. Earnings on ABLE accounts are tax-deferred, and withdrawals are tax-free as long as they are used for qualified disability-related expenses.
Click on your state below to learn more about the ABLE plan your state offers
Green - Nationally Sold Gold - State Residents Only
If your state does not have an ABLE Plan, you can participate in any of the plans that are sold nationally.
Having an ABLE account now means financial security. I just put a down payment on an accessible vehicle with the money I saved in my ABLE account. I don’t know what I would do without ABLE.
— Wendy Settles, Illinois, Young adult professional with Cerebral Palsy
ABLE at a Glance
42 states and the District of Columbia have launched ABLE programs
45,928 total ABLE accounts opened nationwide
$5,656 average savings in ABLE accounts
$259.8 million invested in ABLE accounts nationally
Data provided by Strategic Insight as of 06/30/19
Guidance Under Section 529A: Qualified ABLE Programs - A Proposed Rule by
NAST Advocacy Toolkit for the ABLE Age Adjustment Act S651/HR1814
ABLE Committee Report - STATE ABLE PROGRAMS: PROGRESS AND LEGISLATIVE NEEDS - July 1, 2019
ABLE Committee Letter to the IRS regarding adding Social Security Representative Payees (“Representative Payee”) to the list of those who can establish and administer an ABLE account - May 29, 2019
NAST Resolution: Supporting Enhancements to the Stephen Beck Jr., Achieving a Better Life Experience - February 5, 2018