People with disabilities can save money in an ABLE account without affecting most federally funded benefits based on need. Money can be contributed to this account on a tax-deferred basis, as well as grow tax-free.

There is an annual exclusion limit, which this year is $19,000 per person. You can have up to $100,000 in the account at any given time before it starts impacting Social Security.

Money from this account can be used for eligible expenses related to being disabled. This could be accessible housing, transportation, technology, or education.

Someone does need to be diagnosed before the age of 26; however, in 2026, that is changing to age 46. If you are currently drawing social security disability, then you would be eligible to open an account. If they are not, then they would need a letter from a doctor.