What is the ABLE Act?
The Stephen Beck, Jr. Achieving a Better Life Experience Act is federal legislation, enacted in 2014 (Public Law 113-295), creating tax-advantaged savings accounts for people with disabilities.
The Alabama ABLE Act was enacted on June 9, 2015, enabling Alabama to offer an ABLE program. The Alabama ABLE Savings Plan is offered by the State of Alabama, through the Alabama Savings Board, and is administered by the Office of the State Treasurer.