ABLE Account Limit
2024 saw an increase in the annual contribution limit to an ABLE Account. ABLE Account owners can now contribute up to $18,000 in a year.
And thanks to the ABLE to Work Act, working ABLE Account owners who do not participate in an employer-sponsored retirement plan may contribute up to $32,580 in their ABLE Account in 2024 and 2025. The ABLE to Work Act is currently set to expire at the end of 2025.
Comments