Make Summer More Enjoyable with Your IL ABLE Account
Are you looking to have a great summer? Many IL ABLE Account Owners are considering summer activities and purchases that will help improve health, build independence, and, most certainly, increase quality of life. You will need to cover those expenses, and funds contributed to your IL ABLE account– by you, friends, or family – may be able to help.
Here are a few ways Account Owners and their families may use the summer to support health, independence, and quality of life:
- Attend a summer program offered by a park district, school, or community organization.
- Pay for a therapeutic or disability-focused summer camp.
- Use a bus, taxi, rideshare service, or train to travel to camps and activities.
- Purchase athletic shoes, a swimsuit, or sports and recreation equipment.
- Take a class in cooking, art, or another subject that builds practical skills.
- Enroll in tutoring or an academic program while school is out.
- Buy a computer for online learning, communication, or staying connected.
- Visit a museum, zoo, or other educational attraction.
Funds in your IL ABLE account could be used to cover these activities and others. What does that mean? Money in your IL ABLE account can be withdrawn, tax-free, for Qualified Disability Expenses or QDEs. The U.S. Department of the Treasury broadly defines qualified disability expenses, or QDEs, to include costs that help maintain or improve an IL ABLE Account Owner’s health, independence, or quality of life.
Also, did you land a summer job? Did you know that you can easily have your paycheck directly deposited into your IL ABLE account and help prevent your assets from exceeding the $2,000 SSI asset cap?
What ideas do you have for using your IL ABLE account this summer? Write to us at able@illinoistreasurer.gov, and you might be featured in an upcoming accessABLE News & Updates.
Find quick answers to your ABLE questions with IL ABLE FAQs.
Learn More About IL ABLE
Explore how an IL ABLE account can help you save for qualified disability-related expenses.
- Visit the IL ABLE website
- Review the Plan Disclosure Booklet
- Explore IL ABLE Investment Options
- Open an IL ABLE Account
For assistance, call 888-609-8683 Monday through Friday from 8 am to 5 pm CT, or email il.clientservice@savewithable.com. Support is available in multiple languages and for callers who are deaf or hard of hearing.