August 14, 2026, is Illinois ABLE Savings Day – How can you celebrate?
- Open an ABLE Account! It’s easy to open an account – just go to illinoisable.com and click “Enroll”!
- Contribute to an IL ABLE Account! Anyone can contribute to an IL ABLE Account – the Account Owner, Authorized Individuals, family and friends. Illinois taxpayers can receive 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.
- Forward this post to someone who should know about IL ABLE Accounts and Illinois ABLE Savings Day.
Since the first IL ABLE Account was opened in 2017, more than 9200 Account Owners have saved greater than $130 million in their Accounts. The average Account balance is nearly than $14,500 – well beyond the $2000 asset SSI limit for those receiving SSI benefits. Individuals don’t need to receive public benefits to be ABLE-eligible.
IL ABLE Accounts can complement other savings tools such as a special needs trust or retirement account. Up to $20,000 can be contributed in 2026 – potentially more if the Account Owner is working.
Earnings and withdrawals on IL ABLE Accounts are tax-free for a wide range of Qualified Disability Expenses such as health and wellness, transportation, education, employment training and support, and so much more.
Help build greater independence and quality of life for yourself or someone you know on ABLE Savings Day. Start at illinoisable.com.
Learn how an ABLE Account can be a powerful tool in your financial toolbox at illinoisable.com and read the Plan Disclosure Booklet.
The 105th General Assembly of the State of Illinois has declared August 14, 2026, as Illinois ABLE Savings Day! Mark your calendars to open, contribute to, or tell someone about IL ABLE Accounts on August 14. Read the full Resolution.