ABLE Accounts (IRC §529A)

Tax-advantaged savings accounts for people with disabilities, allowing accumulation of funds for disability-related expenses without losing SSI or Medicaid eligibility. The ABLE Age Adjustment Act (effective January 1, 2026) expanded eligibility to individuals whose disability onset occurred before age 46 (previously before age 26). 2026 annual contribution limit: $20,000. ABLE-to-Work additional contributions and ABLE saver's credit made permanent by OBBBA (P.L. 119-21). A critical tool for caregivers saving for a disabled family member's future.

ABLE accounts allow families to save for disability-related expenses for a person with disabilities without affecting SSI (up to $100,000 in the account is excluded from SSI resource limits) or Medicaid eligibility. 2026 key figures: (1) Eligibility: disability onset before age 46 (expanded from before 26 as of January 1, 2026); (2) Annual contribution limit: $20,000 (indexed); (3) ABLE-to-Work: working ABLE account holders without employer retirement plans can contribute additional amounts up to the federal poverty level (~$14,580 in 2025); this provision made permanent by OBBBA; (4) ABLE saver's credit: eligible lower-income contributors can claim a nonrefundable credit; made permanent by OBBBA; (5) Qualified disability expenses: education, housing, transportation, employment training, assistive technology, health, financial management, and more; (6) SSI protection: first $100,000 in ABLE not counted as SSI resources; above $100,000 SSI is suspended but not terminated; (7) Medicaid clawback: at death, Medicaid may claim remaining funds for services provided since account opening. Find your state ABLE program at ablenrc.org.

Some details for this program are still being verified. Check the official source for the most current information.

Eligibility

• Applicant must have a qualifying disability

Services

ABLE accounts allow families to save for disability-related expenses for a person with disabilities without affecting SSI (up to $100,000 in the account is excluded from SSI resource limits) or Medicaid eligibility. 2026 key figures: (1) Eligibility: disability onset before age 46 (expanded from before 26 as of January 1, 2026); (2) Annual contribution limit: $20,000 (indexed); (3) ABLE-to-Work: working ABLE account holders without employer retirement plans can contribute additional amounts up to the federal poverty level (~$14,580 in 2025); this provision made permanent by OBBBA; (4) ABLE saver's credit: eligible lower-income contributors can claim a nonrefundable credit; made permanent by OBBBA; (5) Qualified disability expenses: education, housing, transportation, employment training, assistive technology, health, financial management, and more; (6) SSI protection: first $100,000 in ABLE not counted as SSI resources; above $100,000 SSI is suspended but not terminated; (7) Medicaid clawback: at death, Medicaid may claim remaining funds for services provided since account opening. Find your state ABLE program at ablenrc.org.

How to apply

Apply online or find more information at the official program page.