Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.
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Save More in 2025: Accounts can receive a total of $19,000 for the calendar year
Starting January 1, 2025, IL ABLE Accounts have a higher Annual Contribution Limit. This is the total amount that can be added to the account during the calendar year from all sources, including the Account Owner, family members, friends, and others.
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5 Tips for Contributing to an IL ABLE Account
It’s easy for New Account Owners and Authorized Individuals to make savings happen.
New Account Owners and their Authorized Individuals often ask how to make contributions to their new IL ABLE Account. Here are five easy and convenient options to start contributing:
Commit to Meeting Your Financial Goals
These IL ABLE Account features can help.
Are you establishing or recommitting to financial goals this year? No matter if your goals are long-term, short-term, or somewhere in between, these two IL ABLE Account features may help you meet your financial goals by making saving easier.
Meet Daniel and Son, Etienne
Watch and hear how Etienne’s parents are saving for his future with his IL ABLE Account.
It’s never too early to start saving money for the future of a child with a disability. Etienne’s parents are thinking ahead with their son’s IL ABLE Account.
Watch the ASPN Webinar: How ABLE Accounts Support Employees with Disabilities and Strengthen Communities
Pre-recorded webinar: ABLE Savings Plans Network (ASPN) webinar – ABLE Accounts: A New Tool to Support People with Disabilities – Your Employees & Your Community is now available.
National Disability Employment Awareness Month
Celebrate the contributions of workers with disabilities and help advance workforce access and equity.
Every October, we celebrate National Disability Employment Awareness Month (NDEAM) and the diverse contributions of America’s workers with disabilities. With NDEAM’s theme “Advancing Access & Equity,” this month is a good time for workplaces to recognize and ensure that people with disabilities have equal opportunity to contribute their skills and talents – that means inclusive employment and workplace policies that benefit employees and employers alike.
Unused 529 Funds in your College Savings Account? Roll them into an IL ABLE Account
Use 529 Funds for Education and Disability-Related Expenses
Do you have money in a 529 college savings account that will not be used? You may be able to roll those funds into an existing IL ABLE Account for an eligible family member. A 529-to-ABLE rollover can help your loved one save for a wide range of qualified disability expenses, including education, health and wellness, housing, transportation, and other needs that support their independence and quality of life.
You can learn more about Qualified Disability Expenses on illinoisable.com.
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Watch the Recorded Webinar: Social Security Benefits and ABLE Accounts
More than 2,000 people watched live. If you missed it, now is your chance.
The National Association of State Treasurers’ ABLE Savings Plan Network and ABLE today hosted the Social Security Benefits and ABLE Accounts webinar in February, which featured the Social Security Administration (SSA) and ABLE experts addressing many frequently asked questions about:
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