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PA ABLE is a tax-advantaged savings program for individuals with disabilities and their families to save and invest their money without jeopardizing government benefits. However, it does much more than provide a financial safety net for individuals with disabilities; it also empowers them to make decisions about their future and live with independence and dignity.
A PA ABLE account can be opened by an individual with a disability or an authorized individual (see “Who Can Open a PA ABLE Account?”). To be eligible, the onset of a qualifying disability must have started before age 26; however, beginning on January 1, 2026, the eligible age of onset will increase to before 46. If the account owner meets the age of onset requirement and has a qualifying disability, they can open a PA ABLE account at any age.
The maximum contribution to the PA ABLE account is $18,000 (2024). Anyone can contribute to an individual’s PA ABLE account (up to the $18,000 limit). Additional contributions above the limit may be allowed for employed account owners in certain circumstances.
Read the full blog to learn more.
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