Save & invest for the future without affecting public benefits.

Tax-free treatment on earnings and withdrawals to pay for disability-related expenses.

Dante Allen
Dante Allen
Executive Director

Welcome!

With the passage of the federal ABLE Act, millions of Americans with disabilities have been empowered to reach a new level of control when it comes to achieving greater financial security. ABLE accounts are a new savings option that allow individuals, who became disabled before the age of 26, to save and invest in a tax-advantaged account, without jeopardizing their ability to collect SSI.

In the past, individuals with disabilities didn’t have the freedom or flexibility to keep money in their own name, receive an inheritance, or even save to purchase much needed assistive technology. That’s because saving for the future meant the possibility of losing eligibility for programs like SSI or Medi-Cal.


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Upcoming
News &
Events

April 25
CalABLE and Special Needs Trusts

MIND Institute Auditorium
2825 50th Street
Sacramento, CA 95817
6:00-8:00PM
Pre-registration required by emailing ddcenter@ucdmc.ucdavis.edu
For more information contact Diane Larzelere (916) 703-0268

April 26
California Financial Literacy Resource Fair

(North Side Facing L Street)
1315 10th Street
Sacramento, CA 95841
11:00 AM-1:00 PM
Contact: KueLee@dbo.ca.gov

April 30
San Mateo Financial Literacy Workshop

1520 Hillside Blvd
Colma, CA 94014
9:00AM to 1:00PM
RSVP at http://bit.ly/smfinlit2019 OR call (916) 653-2995

Open an Account

Opening an account is easy
with no paper forms.

Start Today

Who Is Eligible?

Individuals with a disability that occurred before age 26 are eligible to open a CalABLE account. If you meet this age of onset requirement, and receive benefits under SSI (Supplemental Security Income) and/or SSDI (Social Security Disability Insurance), you are automatically eligible to open a CalABLE account.

Learn more about
who is eligible

Plan Benefits

Earnings in your CalABLE account are 100% federal and California state tax-free. Withdrawals to pay for disability-related expenses are also federal and California state tax-free.

The assets in your CalABLE account, up to $100,000, will not affect your ability to receive state and federal benefits such as SSI (Supplemental Security Income) and Medicaid.

Learn more about
plan benefits

Qualified Expenses

Funds in a CalABLE account can be used for many different disability-related expenses, ranging from education, employment support, housing, transportation, assistive technology and healthcare.

A CalABLE account lets you save for emergency funds that can keep you independent and productive.

Learn more about
eligible expenses