News and Updates from the Illinois State Treasurer's ABLE Plan
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.
You opened doors and lifted possibilities.
Marca Bristo was a devoted advocate, feminist, disability rights leader, role model, wife, mother, grandmother and friend who dedicated her life and career to becoming a powerful advocate and ally for people with disabilities.
True or False? Because of the Medicaid Clawback, you shouldn’t open an ABLE account. False!
Join Illinois’ First Financial Wellness Training for Disability
The National Disability Institute, with the support of the Illinois Council on Developmental Disabilities, brings Illinoisans the first in a three-part financial wellness training series for families and self-advocates with disabilities in Illinois.
