Saving and Investing for a Better Life Experience
Thank you for passing by the IL ABLE Exhibitor booth during June’s Abilities Expo. We were glad to share information about IL ABLE as part of your visit to explore the latest in disability services and equipment. Some visitors to our booth even opened their IL ABLE Accounts right then and there!
Did you know that an IL ABLE Account can help you save to pay for many of the products and services that were on display at the Expo? lift-equipped van? A support animal? Therapies
Money you save and invest in an IL ABLE Account can help pay for a wide range of expenses that come with living with a disability, including services and products such as therapy, assistive technology, equipment, job training, education, and even daily living expenses like groceries and rent.
And almost anyone – family, friends, even fundraisers – can contribute to the IL ABLE Account.
Are you an Illinois taxpayer? You may be able to take a state income tax deduction for contributions made to any IL ABLE Account – up to $10,000 for individual filers, up to $20,000 for joint filers.
And earnings and withdrawals on an ABLE account are federally tax-free when used for qualified disability expenses.
Do you know someone who acquired their disability after age 26? Please forward this email to them to let them know that, on January 1, 2026, those with disability onset before age 46 will be eligible to own an ABLE Account. Six million more Americans will become eligible to own an ABLE account and can start saving for expenses that help to improve health, quality of life, and independence.
See how people can use their IL ABLE Account:
Explore IL ABLE Resources
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.
- Learn About ABLE Accounts
- Read the ABLE Plan Disclosure Booklet
- Compare ABLE Investment Options
- Open an ABLE Account
- Request an IL ABLE Presentation at a club or nonprofit by emailing Rosemary Laudani at rlaudani@illinoistreasurer.gov.
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.