2025: The Year to Maximize
2025: The Year to Maximize
Your ABLE Savings!
Your ABLE Savings!
Greetings, readers!
2025 is shaping up to be a pivotal year for the disability community, offering an important opportunity to maximize your savings through three key provisions of the Achieving a Better Life Experience (ABLE) Act. However, time is running out as these provisions are set to expire at the end of this calendar year. Here is how you can take advantage and make the most out of ABLE accounts before it is too late.
ABLE to Work If you are a working ABLE account owner and you or your employer do not contribute to a retirement account, you can contribute more than the standard $19,000 yearly limit (2025) in your ABLE account. The ABLE to Work provision allows you to contribute an additional amount equal to either your earnings or the previous year's federal poverty level, whichever is less. This means you could save up to an additional $15,060 per year of savings if you live in the continental United States (or $18,810 in Alaska or $17,310 in Hawaii). It is a great way to increase savings without losing benefits!
ABLE Saver’s Credit Do not miss out on the nonrefundable ABLE Saver’s Credit! This credit allows you to receive up to $1,000 on ABLE contributions, reducing your overall tax liability. This provision makes saving even more rewarding by giving you a tax break just for contributing to your future!
529 to ABLE Rollover Families with 529 education savings accounts can transfer funds into an ABLE account without incurring income tax liability. This rollover provision allows families to shift their focus from education expenses to long-term financial stability for individuals with disabilities while still preserving tax benefits.
As these beneficial provisions are set to expire, there is hope on the horizon! On Feb. 19, 2025, Sens. Eric Schmitt, R-Mo., and Chris Van Hollen, D-Md., along with Reps. Lloyd Smucker, R-Pa. and Don Beyer, D-Va., reintroduced the ENABLE Act to the 119th Congress, which would make these provisions permanent. Stay tuned for updates and be sure to advocate for this important legislation.
Let’s make 2025 a transformative year of growth and stability by leveraging these opportunities to strengthen your financial future.
Happy saving! Jody, Cheyenne, Marlene, and Laurie
The ABLE NRC State Plan Search Tool now includes:
A link to the ABLE plan’s informational flyer
Special debit card features to help manage ABLE funds
Identification of ABLE plans that allow organizational representative payees to manage multiple ABLE accounts
A link to the ABLE plan’s investment performance report
Details on how ABLE funds may be used to pay for qualified disability expenses upon the death of the account owner
ABLE plans have taken steps to reduce annual maintenance fees, increase savings balance limits and offer more choices to account owners.
ABLE Guide. ABLE NRC released a two-page flyer with key facts about ABLE accounts. Download it here!
ABLE NRC Year in Review. Check out our 2024 activities and ABLE milestones.
ABLE NRC’s Tax Facts and NDI’s Quick Reference Guide. The ABLE NRC along with our parent company, National Disability Institute (NDI), have compiled valuable resources to assist you this tax season. The ABLE NRC’s Tax Facts and NDI’s Quick Reference Guide ABLE Accounts and Tax-Time Savings offer essential insights on ABLE accounts and tax-time savings to help you navigate the details with ease!
ABLE NRC Blog. On December 19, 2024, the Social Security Administration shared a blog, ABLE Act - 10 Years of Progress for People with Disabilities, written by the ABLE National Resource Center team to commemorate the 10th year anniversary of the passage of the ABLE Act. The blog was distributed nationally.
Webinars-on-Demand. All our past webinars are available at no cost to access 24/7 at Webinars-on-Demand, including:
ABLE Tax Time Tips. (recorded on 2/6/25)
Celebrating 10 Years of ABLE: Its Impact and Vision for the Future . (recorded on 12/18/25)
ABLE by Numbers
More than 195,000 ABLE accounts have been opened nationwide with $2.3 billion in assets under management. The average ABLE savings balance is just above $11,700. Thank you to the National Association of State Treasurers (NAST) for providing this data.
Advancing ABLE:
Advancing ABLE:
Social Security Administration (SSA). Watch SSA’s latest ABLE video to learn in less than 3 minutes how an ABLE account can help you to save and invest without losing key benefits like SSI.
Veterans Administration (VA). The VA shared ABLE information in their 2025 Federal Benefits for Veterans, Dependents, Survivors and Caregivers guide (pages 106-107).
Stay tuned for #ABLEtoSave activities in April 2025. This month-long campaign provides people with disabilities and their families information about the significance of ABLE accounts and how these accounts can be used to address daily needs, help achieve long-term goals and dreams and increase their financial well-being. Register for upcoming webinars, use materials in our #ABLEtoSave Toolkit and follow us on social media @theablenrc on Facebook, Instagram and Threads and on LinkedIn.
Check out the full AchieveABLE Newsletter for even more information on all things ABLE. Discover ABLE questions & answers, additional resources, federal legislation, state news and more!
Thank you to Prudential for sponsoring ABLE NRC
Copyright © 2025 ABLE National Resource Center, All rights reserved.
Our mailing address is:
1701 K Street NW, Suite 1000
Washington, DC 20006
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