About ABLE
The Achieving a Better Life Experience (ABLE) Act authorizes states to create tax-free savings accounts for individuals with disabilities.
About ABLE
“No longer would individuals with disabilities have to stand aside and watch others use IRS-sanctioned tools to lay the groundwork for a brighter future. They would be able to as well.”
The ABLE Act
The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act, a federal law enacted in December 2014, authorizes each state to establish a program that offers tax-free savings and investment options to encourage individuals with a disability and their families to save private funds to support health, independence, and quality of life.
Money contributed to an account in one of these programs is generally disregarded when determining eligibility for federal benefit programs, such as Supplemental Security Income (SSI) and Medicaid.
Save up to $18,000 per year – individually or with help from family and friends.
ABLE United
The Florida legislature passed the Florida Achieving a Better Life Experience Act, which was signed into law on May 21, 2015. This state law establishes ABLE United, to oversee the state of Florida’s qualified ABLE program, which is called ABLE United.
Mission Statement
To encourage and assist the saving of private funds to help persons with disabilities cover costs that support their health, independence and quality of life.
