Starting January 1, 2025, IL ABLE Accounts have a higher Annual Contribution Limit. Accounts can receive a total of $19,000 for the calendar year from all sources – Account Owners, family members, friends, and others!
- Did you know? Family, friends and others can contribute directly to an IL ABLE Account with Ugift ®. Learn more about Ugift®.
Working Account Owners who earn income may be able to contribute more to their IL ABLE Account, up to $15,060 above the $19,000 limit. For more information, visit IL ABLE & Working Account Owners at illinoisable.com.
Read the accessABLE post, Commit to Meeting Your Financial Goals, to learn about IL ABLE Account features that can help you meet your savings goals.
Visit illinoisable.com for more information about contributing to an IL ABLE Account and read the Plan Disclosure Booklet for more information.