Students with IEPs are to receive information about IL ABLE at their annual meeting.
Parents, guardians, and others who support students with an Individualized Education Plan (IEP) should receive the IL ABLE brochure at their student’s annual IEP meeting. Starting this school year, schools are required to provide IL ABLE information to students and their supporters at the annual IEP meeting. (English IEP Brochure | Spanish IEP Brochure)
“We want more families to be aware of an important program that allows them to save for their child’s future,” said Illinois Treasurer Michael Frerichs. “The IL ABLE information that students and families will start receiving this school year will give them the tools they need to begin setting aside money for their children’s current and long-term expenses.”
IL ABLE Accounts can be an important resource to help families save money for their children’s disability-related expenses, such as education, therapy, assistive technology, health and wellness, and so much more. Learn more about Qualified Disability Expenses at illinoisable.com.
Up to $17,000 can be contributed into an IL ABLE Account annually, and contributions can come from any source. Additionally, Illinois taxpayers who contribute to an IL ABLE Account may be eligible for a state income tax deduction of up to $10,000 for individual filers or $20,000 for joint filers.
Families and supporters can look for the Brochure for Students with IEPs in the materials their child receives at the conclusion of their IEP meeting. (English IEP Brochure | Spanish IEP Brochure)
Read Who is Eligible at illinoisable.com or take the Eligibility Quiz to learn more.
Download the IL ABLE investment guide to compare investment options, potential risks and returns, fees, and how each choice may affect your disability savings goals. You can download and print the PDF here: What Type of Investor Are You?
Learn More About IL ABLE
Learn what an IL ABLE disability savings account is, who is eligible, how to open an account, and how it can help you save for qualified disability-related expenses while protecting important benefits.
- Visit the IL ABLE website
- Review the Plan Disclosure Booklet
- Explore IL ABLE Investment Options
- Open an IL ABLE Account online
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.