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gptkbp:instanceOf
|
tax-advantaged savings account
|
|
gptkbp:administeredBy
|
states or state agencies
|
|
gptkbp:alternativeName
|
gptkb:529A_accounts
|
|
gptkbp:annualContributionLimit
|
$17,000 (as of 2023)
|
|
gptkbp:benefit
|
earnings grow tax-free
withdrawals for qualified expenses are tax-free
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gptkbp:dateEnacted
|
2014
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|
gptkbp:eligibility
|
gptkb:transportation
gptkb:assistive_technology
education
health care
housing
employment training
other disability-related expenses
personal support services
|
|
gptkbp:eligibleIndividuals
|
people with significant disabilities onset before age 26
|
|
gptkbp:establishedBy
|
gptkb:Stephen_Beck_Jr._Achieving_a_Better_Life_Experience_Act_of_2014
|
|
gptkbp:federalLaw
|
gptkb:Section_529A_of_the_Internal_Revenue_Code
|
|
gptkbp:fullName
|
gptkb:Achieving_a_Better_Life_Experience_accounts
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
ABLE accounts
|
|
gptkbp:impactOnSSI
|
balances up to $100,000 do not affect Supplemental Security Income (SSI)
|
|
gptkbp:purpose
|
to help individuals with disabilities save money without affecting eligibility for public benefits
|
|
gptkbp:relatedTo
|
gptkb:529_college_savings_plans
|
|
gptkbp:totalAccountLimit
|
varies by state, typically $100,000 to $529,000
|
|
gptkbp:website
|
https://www.ablenrc.org/
|
|
gptkbp:bfsParent
|
gptkb:IRS_Form_1099-QA
|
|
gptkbp:bfsLayer
|
6
|