Who can contribute to an ABLE account?›

Anyone! A family member, friend, or you, the person with a disability, may contribute to an ABLE account. How much can I contribute yearly? Each account can receive up to $15,000 in calendar year 2018. Contributions to the account made by anyone are post-taxed dollars.
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Can I rollover a 529 College Savings Plan into my ABLE account? ›

Yes, you can rollover money from a 529 college savings account into a beneficiary’s (or family member’s*) ABLE account without being penalized.There is a $15,000 rollover limit (less the current tax-year ABLE contributions).You can use the appropriate 529 College Savings to ABLE Rollover Form.*The family member must be considered a qualified “Member of the Family” as defined by the Section 529 of the Internal Revenue Code, which includes: biological and step parents, aunts, uncles, siblings, children, first cousins, nieces and nephews; parents, siblings, children, nieces and nephews by marriage; legally adopted children; and half-brothers or half-sisters of the 529 college savings account Beneficiary.
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What is ABLE to Work?›

The ABLE to Work Act allows beneficiaries who are employed to contribute an amount equal to their current year’s gross income up to a maximum of $12,060 each year to their ABLE accounts in addition to the annual standard contribution limit of $15,000.You can make an ABLE to Work contribution online or by using the Contribution Form.Keep in mind that, if the beneficiary or their employer is contributing to a retirement plan, including a defined contribution plan (e.g. 401(k)), annuity plan (403(b)), or deferred compensation plan (457(b)) this calendar year, the beneficiary is not eligible to make ABLE to Work contributions.
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Can I make direct deposits into an ABLE account?›

Yes, monthly transfers are a great way to help a Maryland ABLE account grow to reach your yearly goal. Direct deposits, also known as monthly transfers, are automatic contributions that you can set up in just a few steps directly from your account. Look for the “Transfers” button once you’re signed in and follow the set up for Monthly Transfers. 
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