Earnings in an ABLE account are not taxed by the federal or state government. Money withdrawn from the account to pay for Qualified Disability Expenses is also not taxed.
While assets in the account belong to the account owner, anyone can contribute. You, friends, and family members can all contribute to your account up to an annual total contribution limit of $15,000 from all sources.
Learn more about contributions
Please see this helpful link: Enable Savings Plan
Edited 03/15/2020
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