News and Updates from the Illinois State Treasurer's ABLE Plan
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”
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.
An IL ABLE Account Is an Important “Working” Tool.
October is National Disability Employment Awareness Month and a time to celebrate that many more people with disabilities than ever are working. Did you know that if you are working, your Illinois ABLE account can work even harder for you?
Read More “October is National Disability Employment Awareness Month”
…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.
Illinois ABLE News & Updates 