ABLE National Resource Center

Description:

In December 2014, Congress passed the Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act, which added Section 529A to the federal tax code. The ABLE Act allows qualified individuals with disabilities to save money in a tax-exempt account that may be used for qualified disability expenses (QDE) while keeping their eligibility for federally-funded, means-tested public benefits.

The ABLE National Resource Center (ABLE NRC) is the leading, comprehensive source of objective, independent information about federal- and state-related ABLE programs and activities, including guidance on tax-advantaged ABLE savings accounts. ABLE NRC's mission is to educate, promote, and support the positive impact ABLE can make on the lives of millions of Americans with disabilities and their families.

Hours:

24/7

Intake Process:

Please visit website.

Program Fees:

None

Languages:

English and Spanish

Eligibility:

The ABLE Act limits eligibility to individuals with significant disabilities with an age of onset of disability before turning 26 years of age. If you meet this age criterion and are also already receiving benefits under SSI and/or SSDI, you are automatically eligible to establish an ABLE account. If you are not a recipient of 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 and criteria regarding significant functional limitations and receive a letter of certification from a licensed physician (MD or DO). You do not have to be under the age of 26 to be eligible for an ABLE account. You can be over the age of 26, but the disabling condition must have occurred before your 26th birthday.

Is Shelter?

No

Date of Official Change:

April 30, 2022

Address Listings

Legal Status:

Private, Non-Profit