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ABLE Accounts Give Disabled People Tax Advantaged Way To Invest
ABLE accounts can help people maintain eligibility for certain public benefits programs, such as Medicaid, SSI, or SSDI. Distributions from the account, including earnings, are tax-free to the beneficiary if they are used to pay QDEs.
To be eligible for an ABLE account, an individual must be blind or disabled by a condition that began before their 26th birthday. However, as of January 1, 2026, eligibility will be expanded to include people who have a disability that began before age 46. Individuals who are not recipients of SSI and/or SSDI may still be eligible if they meet Social Security's criteria for functional limitations and receive a letter of certification from a licensed doctor.
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