Achieving a Better Life Experience, also known as ABLE, is a ground breaking partnership that brings together 14 states to encourage individuals to invest money on behalf of people with a disability or blindness, without jeopardizing their federal benefits.
Following the adoption of senate bill 13-83 … ABLE is creating tax-free savings program.
“When social service providers, and a lot of families, are having difficulty accessing the funds they need and the resources they need, we at the treasures office are giving them a tool they need to help invest in themselves. To put their kids on a brighter path, to a better future,” says Illinois Treasurer Michael Frerichs.
Under ABLE, parents are able to save up to $100,000 for their children.