State Treasurer of Iowa

IAble Celebrates Two-Year Anniversary

January marked the two-year anniversary of Iowa’s Achieving a Better Life Experience program (ABLE). IAble is our newest savings program, offering people with disabilities and their families the ability to save and earn tax benefits at the same time. Additionally, eligible account owners can save for qualified disability expenses without losing their eligibility for certain assistance programs, such as SSI and Medicaid.

These accounts can be used for short term savings or long term investing. There are a total of seven investment options, including a checking option with a debit card. Investment earnings grow federally tax-deferred and qualified withdrawals are federally tax-exempt. For Iowa taxpayers, savings also grow state tax-deferred and withdrawals state tax-exempt. Additionally, Iowa taxpayers who contribute to an IAble account can deduct up to $3,387 in contributions from their 2019 adjusted gross income.

Since the program’s inception in January 2017, over 440 accounts have been opened across two-thirds of Iowa’s counties, with more than $2.4 million invested. Eligible individuals can open one account for themselves, or an authorized individual can open one account on their behalf. Accounts can be opened online in just a few minutes, with as little as $25.

Please visit to learn more. You may also call the program at 1-888-609-8910, or email us at

© 2020 State Treasurer of Iowa. All rights reserved.