ABLEnow – Tax Advantaged ABLE Accounts

You are here >>://ABLEnow – Tax Advantaged ABLE Accounts

ABLEnow – Tax Advantaged ABLE Accounts

Visit Website Visit Website
Contact Contact
Location North Chesterfield, Virginia

ABLEnow-Logo

Premier Corporate Member

ABLEnow accounts help individuals with disabilities save money to pay for qualified expenses, without being taxed on the earnings – and in most cases, without losing eligibility for certain means-tested benefit programs.

Open your ABLE account today with ABLEnow, one of the fastest-growing ABLE programs in the country. Save for today’s needs or invest for tomorrow in a simple, affordable and tax-advantaged account that won’t impact certain disability benefits.

ABLEnow accounts are made possible by the Achieving a Better Life Experience (ABLE) Act, which authorized states to establish tax-advantaged ABLE savings programs. As the Virginia-sponsored ABLE savings program, ABLEnow is administered by Virginia529.

ABLEnow accounts are designed to be flexible – easy to manage, easy to contribute to, and easy to use. Pay for a range of qualified disability expenses with your ABLEnow Card, available to all account holders at no additional cost.

Earnings grow free from federal taxes. In addition, some states may offer state tax incentives.
Works With Other Aid

Generally, funds in an ABLEnow account are disregarded when determining eligibility for certain means-tested benefits programs, such as Medicaid and Supplemental Security Income (SSI).

Eligibility Details

ABLEnow accounts are available to U.S. Citizens and legal residents, regardless of state residency. To qualify for an ABLEnow account, the “eligible individual” must be a person whose disability developed before the age of 26.

Qualified Expenses

Investment Options

Spinal Cord Injury

Spinal cord injury can result in paralysis of the muscles used for breathing; paralysis and/or loss of feeling in all or some of the trunk, arms, and legs; weakness; numbness; loss of bowel and bladder control; and numerous secondary conditions including respiratory problems, pressure sores, and sometimes fatal spikes in blood pressure. Approximately 12,000 new spinal cord injuries occur in the U.S. each year. A majority of injuries occur from motor vehicle accidents, falls, work-related accidents, sports injuries, and penetrations such as stab or gunshot wounds.

Our Membership Community

Our membership community provides a lifeline for many individuals that are focused on regaining their independence and improving their quality of life––whether they are leaving rehab after sustaining a spinal cord injury, learning to live with symptoms of a spinal cord disorder, or have spent years of frustration coping with disability. We provide members guidance and resources on a variety of topics they are passionate about, such as employment, affordable housing, transportation, health care, home- and community-based independent living, education, peer support, and leisure and recreation.
Donate to United Spinal today! spacer Join, membership is free spacer Sign up for our newsletter spacer Free Disability Publications from United Spinal spacer

Ask Us

United Spinal’s Ask Us program connects you with information, resources, and access to our “Ask Us Spinal Cord Central” help center. Browse the Knowledge Books below for answers to your questions. If you can’t find what you are looking for just Ask Us and one of our knowledgeable staff will provide you with answers.