Select language
 

Transitions to Adulthood

ABLE Accounts: 10 Things You Should Know

Resource Author/Owner/Service Provider

National Disability Institute (NDI)

Description

ABLE Accounts are tax-advantaged savings accounts for individuals with disabilities and their families. The beneficiary of the account is the account owner, and income earned by the accounts will not be taxed. Contributions to the account made by any person (the account beneficiary, family and friends) will be made using post-taxed dollars and will not be tax deductible, although some states may allow for state income tax deductions for contribution made to an ABLE account.

Websites

Videos


Categories

Disability RightsFinancial SupportsMedical/Physical HealthMental Health/Developmental DisabilityMoney ManagementSelf-Directed CareTransition PlanningTransitions to Adulthood

Related Terms

disabilitiesfinancial supportsaving accountstax breaks
Return to
your search results
Return to
all resources

Hotlines

In an Emergency, Call 911

Looking for help in
non-emergency situations?

Call 211 or
Call 311 in New York City

NY Connects
1-800-342-9871

Suicide Crisis Hotline
1-800-273-TALK (8255) Toll Free
1-800-799-4889 TTY

Child Abuse & Maltreatment Hotline
1-800-342-3720, Toll Free
1-800-638-5163, TTD/TTY
1-800-342-3720, NY Relay

Vulnerable Persons Central Register (VPCR) Hotline
1-855-373-2122 Toll Free
1-855-373-2123 TTD/TTY

A-Z of Disabilities and Accommodations
(800) 526-7234 Toll Free
(877) 781-9403 TTY

Become a Family Peer Advocate (FPA)
1-888-326-8644 Toll Free

Disability Resource Clearinghouse and Navigators
1-800-624-4143 Toll Free
7-1-1 NY Relay

High School Equivalency/Test Assissing Secondary Completion HSE/TASCâ„¢
518-474-5906

Higher Education Services Corporation (HESC) Questions
518-473-1574
1-888-NYSHESC (1-888-697-4372) Toll Free

Home of Your Own (HOYO) Program
(518) 473-1973

Social Security Office Locator
1-800-772-1213 Toll Free

Vital Records
1-855-322-1022 Toll Free

Work Incentives Hotline
1-888-224-3272 Toll Free
1-877-671-6844 TTD/TTY

Family/Youth Support and Peer Advocacy

Information and support for individuals and families with behavioral, emotional, physical and/or mental health challenges.

Financial Assistance

Help given to a person or organization in the form of money, loans, reduced taxes, etc.

Developed by the Council on Children and Families and Funded by the Developmental Disabilities Planning Council