What You Need to Know About Illinois ABLE Contributions and Tax Deductions

Contributions Made Before Year-End May Qualify for IL Tax Benefit

By contributing to an IL ABLE account, both your loved one with a disability and you may share in the happiness! Why? Because any Illinois taxpayer who contributes to any IL ABLE account at any time during the year may be able to take an Illinois State Income tax deduction for that year. Happiness!

Season’s Giving

Easy Ways to Make Holiday and Year-End Contributions to a Loved One’s Illinois ABLE Account

It happens every year.  As we enter the holiday season, many family and friends of loved ones with disabilities want to give them money to use to enjoy life or help with expenses. However, for years, family and friends have been told not to give their loved ones with disabilities money because it will put the loved one’s benefits at risk.

For Planet Access Company…

…Competitive Employment of People with Disabilities Is in the Mission

This month, Illinois ABLE celebrates National Disability Employment Awareness Month. And there is no better way to celebrate than with  Illinois State Treasurer Michael Frerichs’ visit to Planet Access Company (PAC) in Des Plaines, Illinois, where he saw first-hand how competitive employment of people with disabilities can empower employees and benefit the bottom line.

What Do Three Chicago-Area Families have in Common?

They are Making a Difference for Their Kids’ Futures

This month, Chicago Parent Magazine Special Parent issue features the Marchialettes, the Christensens and the Butlers,  three families that have different lives and different needs.  But they have two things in common:  they each have a child with a disability, and they are saving with Illinois ABLE accounts to ensure bright, fulfilling futures for their kids.

Read their Special Parent story here.