Questions & Answers

What can I claim for the ABLE subtraction?

A retirement savings contribution credit may be claimed for the amount of contributions you, as the designated beneficiary of an Achieving a Better Life Experience (ABLE) account, make before January 1, 2026, to the ABLE account. This modification may not exceed $27,490, and contributions by someone other than the beneficiary may not exceed $15,000. See IRS Pub. 907, Tax Highlights for Persons With Disabilities, for more information.

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