News and Updates from the Illinois State Treasurer's ABLE Plan
Michael and his Mom talk about life and his IL ABLE account
Michael has been an IL ABLE Account Owner for a little over a year. He is also a new face of IL ABLE. When visitors arrive at the IL ABLE website, they see Michael, along with all of the diverse faces of real IL ABLE account owners! Michael and his mom, Dawn, share their story here to help other people with disabilities and their families learn how an IL ABLE account can make life better.
Learn the Facts
Many people with disabilities have received an Economic Impact Payment from the federal government. The payment is often called a “stimulus payment,” and many people have questions. Read here for answers!
Go online with IL ABLE – it’s easy!
Many of us are doing our banking and bill-paying from the comfort of home these days. Now is a good time for IL ABLE account owners to make sure that you are taking full advantage of the online options offered to you by IL ABLE.
Consider Rolling it Over to IL ABLE. Here’s Why.
If you live in Illinois and opened an ABLE account for yourself or a loved one in another state’s ABLE plan, you may be missing out on some of the benefits offered by IL ABLE. For example, if you are an Illinois taxpayer and you contribute to any IL ABLE account, you may be able to take a state income tax deduction. Learn more here.
New Highs Reached
After a rough 2018 where almost every asset class declined, financial markets in 2019 experienced an incredible year as every asset class climbed higher.
Take Advantage of this Great ABLE Benefit
Many people with disabilities (and their supporters) think that if they work they cannot open an IL ABLE account. Not True! In fact, if you work there are even more benefits to owning an IL ABLE account.
Read More “ABLE to WORK – Are You Putting it to Work for You?”
Ask Yourself These Four Questions to Help Decide What’s Best for Your Disability Expense Needs.
Once you’ve opened your IL ABLE account, you may be wondering how to allocate your contributions to meet your savings and spending horizons. Start by reading below.
Tips on the “What and Where” of IL ABLE Accounts
Opening an Illinois ABLE account is an easy process. Accounts can be opened online, or you can download, print and mail a completed application.
Read More “Five Things to Know When Opening an IL ABLE Account”
Who can open an Illinois ABLE account?
A great way to start your New Year is to open an Illinois ABLE account for yourself or for someone you love or support. It is never too late or too early to start an ABLE account if you are eligible.
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!
Read More “What You Need to Know About Illinois ABLE Contributions and Tax Deductions”
