The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act, signed into law in December 2014, authorized states to establish tax-advantaged savings programs for individuals with disabilities.
In 2015, Virginia became the first state to approve and pass ABLE legislation after the federal ABLE Act was passed. This was particularly poignant because the idea for the ABLE Act was originally conceived by a group of Virginia parents. The Virginia ABLE bill established a new savings program for eligible individuals with disabilities and their families.
ABLE accounts are tax-advantaged savings accounts for eligible individuals with disabilities.
Savings and Investment
Individuals with hearing or speech disabilities:
Dial 711 to access Telecommunications Relay Services (TRS) from a telephone or TTY.
| Monday: 8:30 AM - 5:00 PM |
| Tuesday: 8:30 AM - 5:00 PM |
| Wednesday: 8:30 AM - 5:00 PM |
| Thursday: 8:30 AM - 5:00 PM |
| Friday: 8:30 AM - 5:00 PM |
| Saturday: CLOSED |
| Sunday: CLOSED |
Trusted by Americans with disabilities in all 50 states, ABLEnow is the country’s largest independent ABLE program.
ABLEnow is administered by Commonwealth Savers, formerly known as Virginia529, an independent agency of the Commonwealth of Virginia.
PNC Bank supports ABLEnow as an account custodian. PNC is one of the largest diversified financial services institutions in the United States.
ABLEnow provides eligible individuals with disabilities a better way to save money for today’s needs or invest for tomorrow. ABLEnow accounts:
- Do not jeopardize eligibility for most benefit programs, so you can save without worry.
- Are tax-advantaged, meaning earnings on investments grow tax-free to maximize savings.
- Can accept contributions from anyone, making it easy to fund the account.
- Allow organizations to enroll eligible clients, giving service providers a powerful support tool.
Individuals who developed qualifying disabilities before the age of 26 may be eligible to open an ABLEnow account. Take the online eligibility quiz to find out.
| Monday: 8:30 AM - 5:00 PM |
| Tuesday: 8:30 AM - 5:00 PM |
| Wednesday: 8:30 AM - 5:00 PM |
| Thursday: 8:30 AM - 5:00 PM |
| Friday: 8:30 AM - 5:00 PM |
| Saturday: CLOSED |
| Sunday: CLOSED |