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.
- About ABLE
- ALR
- Benefits
- Contributions
- Eligibility
- Gifting
- How the account works
- Opening an account
- Qualified expenses
- Tax info
- Can I roll over a 529 College Savings Plan into my ABLE account?
- Yes, you can roll over money from a 529 college savings account into a beneficiary’s (or family member’s*) ABLE account without being penalized. There is a $17,000 rollover limit (less the current tax-year ABLE contributions). You can use the appropriate 529 College Savings to ABLE Rollover... Read more
- What changes have been made to prepaid card accounts?
- We have transitioned to a new, exciting prepaid card option for our customers, and we want to make you aware of some changes to your account. Since we have phased out your old prepaid card, when you log into your account, the Card section will be removed. Your past prepaid card transaction... Read more
- How much can I contribute yearly?
-
Each account can receive up to $17,000 in calendar year 2023. Contributions to the account made by anyone are post-tax dollars.