ABLE Accounts (ASL) - YouTube video text script


Hi, I'm Toni, and I work for the IRS.

Were you born with a disability, or did you become disabled before you turned 26 years old?

If so, you could be eligible for an ABLE account.

An ABLE account allows you, as a designated beneficiary, to save money and get tax-free earnings to pay for disability-related expenses, such as personal support services, housing, education and transportation.

You and others can put up to $15,000 a year into your ABLE account.

These contributions can include funds rolled over from certain 529 Plans.

Also, if you have a disability and work, you may be eligible to add even more money to your account annually.

What's more, you can get up to a $2,000 tax credit for the money you put into your ABLE account, which could reduce your tax bill.

For more details, go to reform.

Then click "Individuals."

Scroll down to "Savings Plans."

Then click "ABLE Savings Accounts."

And, if you find this video helpful, please share it.

Thank you.