Worksheet for determining support - Able Accounts

Forum|Forum|7 months ago
February 1, 2026
6 replies
70 views

Do I include Able accounts in the Worksheet for determining support in the IRS P501?

It says to list the amount om savings and other accounts.

AmyC

Level 15

Yes but with extra steps and caution. Let's go through the start of the worksheet.

Line 1 total funds include the ABLE account value on 1/1/25

Line 2 only includes the amount actually spent on qualified disability expenses. If you used any funds from the ABLE account for those expenses, include that portion.

Line 3 if you used ABLE funds for other purposes, like vacation, that amount is entered here.

Line 4 includes the end of year balance in the ABLE fund.

[Edited 2/4/2026 | 5:45 pm PST]

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AndrewA87Author

Level 5

I thought things like vacations would get entered on line 17 (Travel and Recreation) and was considered part of his support and entered on line 2 if he funded any of his vacation.

His Able account is funded by his SSDI and SSI.

DianeW777

Level 15

Yes, you would include any travel and vacation expenses. Every expense for your son is included in support.

Here is the key to the ABLE account:

If money is placed in the ABLE account and it remains there until December 31, 2025, it was not used for support.
Any money removed from the ABLE account during the tax year is considered as spent on the support of your son and provided by him (not the parent).
Any money removed from the ABLE account and spent on someone other than your son goes on line 3.
- Worksheet for Determining Support

Keep in mind that your child cannot have paid more than half of his own support to qualify as your dependent.

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