If you have a significant disability, you may be eligible to open a tax-free Achieving a Better Life Experience (ABLE) savings account. It can help you pay for education, housing, health, and other qualified disability expenses. Find Out if You’re Eligible For an ABLE Account  To be the designated beneficiary (owner) of the account, you must be blind or have a medical disability that occurred before the age of 26. You may open only one ABLE account. You don’t have to open an account in the state where you live. ABLE accounts are not currently available in every state. However, you can open one in any state with an active ABLE program. Find out which state has the best program for you. Contribute Funds Toward an ABLE Account Find out who can contribute to or benefit from an ABLE account. Or, learn about how recently enacted tax laws and regulations apply to ABLE Savings accounts. The maximum annual contribution limit for your account is $16,000. You can exclude taxes on earnings and distributions (withdrawals) from the account. These deductions can help you pay for qualified disability expenses.  Keep in mind, tax law changes have affected ABLE accounts: If you work, you can contribute your compensation toward your account along with the $16,000 limit. But, this additional contribution cannot be above the income poverty line for a one-person household. You may claim the Saver’s Credit for your contributions to your ABLE account. Your family can transfer or roll over funds from a 529 plan to your ABLE account. The 529 account can benefit you or another family member. This transfer counts toward the $16,000 annual contribution limit. Learn More About ABLE Account Information Find out more important information about ABLE accounts, including: Where you can open an ABLE account Who can contribute to your account Examples of qualified disability expenses How your ABLE account can affect your eligibility for other federal programs, such as Supplemental Security Income (SSI) and Medicaid