FAQs
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- Benefits
- Contributions
- Eligibility
- General
- Gifting
- How it Works
- Linking Bank Accounts
- Opening an Account
- Prepaid Card
- Qualified Expenses
- Successors and Estates
- Tax Benefits
- Can I roll over a 529 College Savings Plan into my ABLE account?
- Yes, in 2018, Congress passed the ABLE Financial Planning Act, which allows you to roll over money from a 529 College Savings account into a beneficiary's (or family member's*) ABLE account without being penalized. There is an $19,000 rollover limit (less the current tax-year ABLE... Read more
- How do I make a gift contribution?
- It's easy to make contributions to someone else's ABLE for All account. You can make online gift contributions for as little as $5 to as much as $19,000 through a beneficiary’s personal gifting page. Simply ask the recipient to send you their unique gifting URL. Or, you can make offline... Read more
- Are there any fees associated with gifting to a ABLE for All account?
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There is no fee for bank account (ACH) gift contributions and for contributions made via personal check using our offline Gift Contribution Form (PDF)( opens in a new window ).
- How can I request gift contributions to my account?
- Requesting gift contributions from family and friends is a great way to help you reach your savings goals and it couldn’t be easier. Just sign into your account to find your gifting page information and share your unique gifting URL. You’ll be able to customize your page and select where you would... Read more
- What happens if the beneficiary is no longer eligible for an account?
- If a beneficiary no longer meets eligibility requirements, they no longer qualify for an ABLE account and they (or their account manager) should sign into their account's settings and update their eligibility. Their account will remain open and they can continue to use the account until the end of... Read more
- Can I open a new ABLE for ALL Savings Plan account if my previous ABLE for ALL Savings Plan account was closed?
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Yes, log into your closed account using your email and password, then find the “Create new account” link to get started.
- Who can open an ABLE account for an eligible beneficiary?
- An adult beneficiary with a qualifying disability can open and manage an ABLE account. If a beneficiary is under the age of 18 or unable to open an account on their own, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must be anyone who is selected by... Read more
- Can I use ABLE funds to pay for a vacation?
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Yes, a vacation does qualify as an eligible expense as long as it can help maintain or improve the health, independence, or quality of life of the person living with a disability.
- Can money in an ABLE account be recovered in a bankruptcy?
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No. The ABLE for ALL Savings Plan is protected from bankruptcy.
- Can I make direct deposits into an ABLE account?
- Users can contribute to their accounts using fast, secure direct deposits from either the Social Security Administration or their paycheck. Complete the setup process in three simple steps: Log in to your ABLE account and click on “Direct Deposit” on the Total Balance tile. Or, once logged in, go... Read more
