PROJECTS
Our current project is dedicated to providing valuable resources for the ABLE Act, an important legislation that has the potential to change the lives of millions of individuals and families with disabilities across the United States.
Through our efforts, we aim to educate people about the Act's provisions and benefits, and to offer assistance for those who seek to take advantage of it.
By providing access to the right information and support, we hope to help more people utilize the ABLE Act to build better financial futures.
This explainer video provides an introduction to the opportunities and benefits of the ABLE Act shortly after it passed. The specific provisions of the act have changed a bit, but the difficulties and questions raised have not. This video was crafted to get the attention of the professionals who will be responsible for implementation of its benefits
Able Account Basics
ABLE accounts allow people with disabilities (occurring prior to their 46th birthday in 2026) to save money that is not counted towards asset limitations set by means-tested benefit programs such as Medicaid or SSI.
Anyone can contribute to an ABLE account – including the account owner, friends, family, organizations, nonprofits, and employers – up to $19,000 per year as of 2025. ($20,000 in 2026).
If the account owner is working and not already contributing to a workplace retirement plan, they can contribute an additional amount equal to their current year’s gross income - for 2025 the amount is up to a maximum of $34,060 for the 48 contiguous States and District of Columbia; $36,310 for Hawaii; and $37,810 for Alaska.
There are lifetime balance limits for the various state ABLE Programs, which range from around $300k to over $500k.
U.S. territories, Puerto Rico, Guam, U.S. Virgin Islands, American Samoa, and the Northern Mariana Islands are considered part of the United States for federal purposes, including eligibility for ABLE accounts.