State Treasurer of Iowa

IAble Accounts Benefit Iowans with Disabilities

This fall, give your friends and family a gift that will last a lifetime: the gift of Achieving a Better Life Experience. With IAble, our newest savings program, individuals with disabilities as well as their families can save for disability-related expenses while protecting eligibility for assistance programs, such as SSI and Medicaid.

With the holidays approaching, it’s the perfect time to explore Ugift as a convenient way for family and friends to make gift contributions at UgiftABLE.com. Encourage the loved ones in your life to make a contribution to your account to help you reach your goals. As an Iowa taxpayer, anyone can deduct up to $3,319 in contributions from your 2018 adjusted gross income.

Since the program’s inception in January of 2017, I’m pleased to say over 360 accounts have been opened in more than half of Iowa’s counties. It is encouraging to see individuals with disabilities, as well as their friends and families, contributing towards their financial goals. IAble currently has $1.8 million in total investments, and only an initial investment of $25 is required to enroll.

The federal Achieving a Better Life Experience (ABLE) Act of 2014 authorized tax-advantaged investment accounts similar to college savings programs such as College Savings Iowa. Earnings on IAble accounts are federally tax-deferred and state tax-free, if used for qualified disability expenses.
Please visit IAble.gov to learn more. You may also call the program at 1-888-609-8910, or email us at ia.clientservices@savewithable.com.


 

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