Please be aware that the call center will close early December 24, 2024 through December 25, in observance of Christmas Eve and Christmas.
Be sure to make the contribution cut-off deadline for 2024. Checks must be received and be in good order by Tuesday, December 31, 2024, and electronic contributions via linked bank accounts must be entered by 4 pm ET on Monday, December 30, 2024.
Are there any federal tax deductions for ABLE contributions?
No, the federal tax benefit is the fact that the account grows tax free, eliminating the need to pay capital gains on the money accruing in your account.