What does the ABLE Act do?

It gives states the opportunity to develop tax-advantaged savings programs for eligible people with disabilities. These saving programs provide the opportunity for people with disabilities to maintain eligibility for federal and state benefits while saving money to cover qualified disability expenses. For Supplemental Security Income (SSI) purposes, the first $100,000 saved in ABLE account is disregarded for the purposes of the $2,000 asset limit.

Contributions to ABLE programs are capped by the federal ABLE Act to the federal gift tax exclusion, currently $18,000 per year.

Contributions are accepted by the Maryland ABLE program up to a maximum account value of $500,000, as of December 1, 2018.

Sign up and start saving

Once you are ready to enroll, you can set up your account here online. When opening a Maryland ABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the ABLE account will be funded.

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Have Specific Questions?

Here are a few ways to get answers. You can contact us online, give us a call Monday through Friday, at 1-855-563-2253 from 9am-8pm ET, or you can browse frequently asked questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

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