NATIONAL ABLE RESOURCE CENTER: Annual Contributions to ABLE Accounts Increased to $15,000 in 2018
ABLE accounts are accounts that allow people with disabilities to have a savings account without jeopardizing their benefits. Accounts can be used for disability-related expenses that will increase and/or maintain a person's health, independence, or quality of life. It was recently announced that the total annual contribution limit to an ABLE account will be increased from $14,000 per tax year to $15,000 per tax year beginning in 2018.
