For MiAble contributions, are they tax deductible on the Federal Tax return?

[jcb190662]

Contributions to an MiAble account, an account that the funds are used for a disabled individual , are tax deductible on the State of Michigan Income Tax Return. Are they also an allowed as a  deduction on the Federal 1040 return?

[DaveF1006 · Accepted solution]

Contributions to an ABLE account are not tax-deductible on the federal return but may qualify for a savers credit according to this Turbo Tax link.  

Michigan however will allow contributions up to $5,000 for a single return and up to $10,000 on a joint return.