Why IL ABLE?
IL ABLE is a savings and investment plan that makes it possible for people with disabilities and their families to save and invest their money for expenses related to living with a disability. IL ABLE accounts can help solve a long-time predicament that many people with disabilities face: how to build financial wellness without risking federal government benefits.
It’s easy to open an IL ABLE account so that you can begin saving and investing.
An IL ABLE account can be opened by an eligible individual, or Authorized Individual, at any time.
Illinois taxpayers can take a tax deduction for contributions to any IL ABLE account.