Questions & Answers

What is an Ohio STABLE account?

A STABLE account (Ohio's ABLE account) gives its owner tax benefits for saving for qualified disability expenses, similar to college savings accounts for college expenses. You can deduct any contributions you make to the account, up to $4,000 per beneficiary per year.

Any contributions you make above the $4,000 limit can be carried over and deducted on future years' returns (up to $4,000 per beneficiary per year) until fully deducted. Contribution limits are the same for married taxpayers, regardless whether filing jointly or separately.

For more information about these accounts and how to open one, visit the Ohio STABLE account website .

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