Frequently Asked Questions
Scroll down to see answers to things we get asked a lot. If you're looking for something specific, enter or choose a keyword below.
- What is the maximum annual contribution?
- The total annual contributions by you, family and/or friends for calendar year 2025 are $19,000. This limit is tied to the federal gift tax exclusion. In future years, the IRS may change the annual amount that can be excluded from federal gift taxes, so you should consult with your tax advisor for... Read more
- What are the lifetime contribution limits?
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Contributions can be given to a Maryland ABLE account up to a maximum account balance of $500,000.
- How do I make a gift contribution online?
- To contribute online, first make sure the recipient has set up their gifting page. Then, use their gifting page link to fill out the form fields as directed — it’s just the usual stuff, like your name, address, the amount you want to contribute, the payment method you would like to use, and the... Read more
- How do gifting limits work?
- Gift contributions count towards your standard contribution limit for the year. Friends and family will be prevented from making gift contributions that go beyond the gifting limit you set, but gift contributions could also be capped by contributions you make. For example, if your gifting limit is... Read more
- Who can send me gifts?
- Once you’ve set up your gifting page, anyone who has a link to it can contribute towards your goal. You can also give friends and family a Gift Form if they’d like to mail a check contribution. Keep in mind that gift contributions count toward your yearly standard contribution limit. So, if you’ve... Read more
- What is ABLE to Work?
- The ABLE to Work Act allows beneficiaries who are employed to contribute an amount equal to the Beneficiary’s compensation for the taxable year (up to a maximum of $15,060 in 2025) each year to their ABLE accounts in addition to the annual standard contribution limit of $19,000. You can make an... Read more
- Can wages or other income be deposited into an ABLE account?
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Yes. The ABLE to Work Act allows beneficiaries who are employed to contribute an amount equal to the Beneficiary’s compensation for the taxable year, up to the Able to Work limit for that year, in addition to the annual standard contribution limit for that year.
- Can an ABLE account holder put their Social Security benefits (SSI or SSDI) into their ABLE account?
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Yes, a beneficiary can put their Social Security Income (SSI), Supplement Security Disability Insurance (SSDI), etc. benefits into their ABLE account up to the annual contribution limit of $19,000 for 2025.
- ABLE’s definition of qualifying disability expenses includes “education.” Can I roll my 529 account into an ABLE account?
- Assets from a 529 account can be rolled over into an ABLE account, though amounts to be rolled over are subject to the ABLE account annual contribution limit. Current federal law requires such rollovers to be completed by December 31, 2025. To make a direct rollover from a 529 account, the ALR or... Read more
- Does having an account affect my other benefits?
- You can keep your federal and state benefits (SSI, SSDI, Medicaid, SNAP, TANF, HUD Assistance, Section 8, etc.) with an ABLE account. If you receive SSI, there is a $100,000 limit before Social Security benefits are affected. As long as the money withdrawn is used for eligible expenses, it won’t... Read more
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