What is the ABLE Act?
The Stephen Beck, Jr. Achieving a Better Life Experience Act is federal legislation, signed by President Obama on December 19, 2014 (Public Law 113-295), creating tax-advantaged savings accounts for people with disabilities.
The Maryland ABLE Act (2016 Maryland Laws Ch. 39 (H.B. 431)) was signed into law by Governor Hogan on April 12, 2016, enabling Maryland to begin building an ABLE program. The Maryland ABLE program is implemented by an independent state agency, Maryland 529.