What is ABLE to Work?

Employed people with disabilities can save more than the annual contribution limit thanks to ABLE to Work.

For 2024, they can save $18,000 as a standard contribution. With ABLE to Work, they can save an additional amount up to either (1) $14,580; OR (2) the beneficiary’s wages for the year – whichever is less.

For example, if a beneficiary makes $30,000, the most they can save as an ABLE to Work contribution is $14,580 in 2024. If they make $5,000 a year, the most they can save as an ABLE to Work contribution is $5,000.

You can make an ABLE to Work contribution online or by using the Contribution Form.

If the beneficiary is saving in a retirement plan, they cannot make an ABLE to Work contribution. If either they or their employer is contributing to a defined contribution plan (401(k)), annuity plan (403(b)), or deferred compensation plan (457(b)) this calendar year, the beneficiary is not eligible to make ABLE to Work contributions.

Please note: funds in non-ABLE investment accounts, such as workplace retirement accounts, will likely count as assets that may impact your eligibility for state and federal benefits. Learn more about the potential impacts of saving for retirement.