News and Updates from the Illinois State Treasurer's ABLE Plan
July is Disability Pride Month, a time to celebrate the history, achievements and diversity of people with disabilities. The month also recognizes the anniversary of the Americans with Disabilities Act, or ADA, which was signed into law on July 26, 1990.
Read More “Disability Pride Month and Financial Independence with IL ABLE”
The Chicago Abilities Expo comes to town June 12-14, 2026, at the Renaissance Schaumburg Convention Center in Schaumburg, IL.
Join Illinois State Treasurer Michael Frerichs on Friday, June 12, at 11 am as he cuts the ribbon to open the show. After the ribbon cutting, stop by booth #508 to learn how to open an IL ABLE Account to save and invest to pay for many of the products featured at the Abilities Expo. Grab some IL ABLE swag while you are there.
Millions More Now ABLE-Eligible
New IL ABLE Account Owners, the Chicago Lighthouse, Access Living, and Professor Harold Pollak of the University of Chicago joined Illinois Treasurer Michael Frerichs to celebrate ABLE age expansion at a March 9 news conference.
Hello! I’m Elizabeth Hamilton, the new Enrollment Specialist on the IL ABLE team.
I am here to support you on your pathway to opening an IL ABLE Account for yourself or for someone with a disability that you assist.
Great news! Account Owners can save more in 2026! The Annual Contribution Limit for IL ABLE Accounts is increasing to $20,000.
Read More “Limit Increase is Great News for ABLE Account Owners”
Did your disability begin before your 46th birthday? Starting January 1, you may be eligible to own an IL ABLE Account and benefit from these 4 ABLE features.
Get Ready for ABLE Age Adjustment
On January 1, 2026, the age-of-disability-onset criteria for owning an IL ABLE Account will expand to include people who acquired their disability before age 46. (The current criteria are disability onset before age 26.) Approximately 250,000 more Illinoisans will become eligible to own a tax-advantaged IL ABLE Account to start saving and investing for disability-related expenses.
Parents of a child with a disability are thinking ahead.
Alysia Townsend, parent of IL ABLE Account Owner Etienne, contributes to the IL ABLE Account to save for her son’s adult life. “I didn’t need to immediately focus on spending ABLE money around certain needs,” said Townsend in a recent interview with Chalkbeat, a nonprofit news organization covering stories about education. “I already had those needs met. As he gets older, he needs more things and different things.”
A new school year is an important time for families of students with disabilities to think about education, transition planning, and future financial needs. An IL ABLE disability savings account can help eligible students save for education, assistive technology, health care, transportation and other qualified disability expenses.
Here are three ways parents, guardians and educators can include IL ABLE in a student’s financial and transition planning.
3 ABLE Act Provisions Made Permanent
Congress passed the ENABLE Act, and it was signed into law on July 4. The new law makes three ABLE account provisions permanent. These provisions were first approved in 2017 but were scheduled to expire at the end of 2025.
Read More “Congress Passes the ENABLE Act to Expand ABLE Account Benefits”