Enjoy more independence and save for your future

Watch the Savings Add Up

With Alabama ABLE, you can contribute up to $18,000 per year (or more if the beneficiary is working) for a wide range of qualified disability expenses and the account’s growth is tax-free.

Best of all, you can make contributions up to a maximum account value of $475,000 over the life of the account, and save up to $100,000 before impacting Supplemental Security Income (SSI) limits for cash benefits. Other federal means-tested benefits such as Medicaid, housing and food assistance are not impacted by the balance of your ABLE account. Similarly, ABLE account balances are disregarded for the purpose of determining eligibility to receive, or the amount of, any assistance or benefits from Alabama means-tested programs.

Not sure if you qualify?

Alabama ABLE accounts are a new way to help individuals with disabilities save money and pay for qualified disability-related expenses without jeopardizing state or federal means-tested benefits such as SSI or Medicaid. See if you qualify today. 

Take advantage of new tax incentives

For Alabama taxpayers, contributions to your account could qualify for an income deduction. In addition, for Alabama state income tax purposes, a deduction is allowed up to $5,000 per taxpayer per year for contributions. This deduction is increased up to $10,000 for married taxpayers filing a joint return where both taxpayers make such contributions. The deduction may include monies rolled over/transferred from another ABLE account.