For both Virginia residents and residents of other states:
The information provided in this website is general background information only, is given in summary form, and does not purport to be complete. If you are considering opening an ABLE account, you should seek competent advice concerning the effect of opening and contributing to an ABLE account on the eligibility or continued eligibility for federal and state government benefits. You should also seek the advice of a professional concerning any financial, tax, or legal implications related to opening and maintaining an ABLE account. Participating in ABLEnow involves investment risk including the possible loss of principal.
For residents of states other than Virginia:
Your state may sponsor a program that offers state income tax or other benefits not available to you through ABLEnow. In addition, your state may have rules on how balances in ABLE accounts are treated in determining eligibility for state benefit programs and the amount you will receive from these state benefit programs.