ABLE Accounts Expansion: New Opportunities for Americans with Disabilities
Update: 2026-01-01
Description
From January 1, 2026, an estimated 6.1 million more Americans will qualify for ABLE accounts, a tax-advantaged savings plan for people with disabilities. The eligibility age has risen to 46, up from 26, due to a 2022 law. These accounts, often compared to a supercharged Roth IRA, allow tax-free growth and withdrawals for qualified expenses. Contributions are made with after-tax dollars, and up to $20,000 can be saved annually, with additional amounts possible for those working without a workplace retirement plan. ABLE accounts do not affect Medicaid or Social Security benefits, unlike regular savings. Nearly every state offers ABLE plans, and most allow out-of-state participants. Consider your home state for potential tax deductions and compare fees, investment choices, and perks. Checkout Solipillow.com
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