ABLE - Achieving a Better Life Experience
In December of 2014, the federal ABLE Act was signed into law allowing for individuals with disabilities to create tax-free savings accounts to cover qualified expenses without endangering the individual's eligibility for benefits programs. In NH, SB 265 of the 2016 Legislative Session mandated that NH must await the issuance of Federal regulations governing accounts prior to the establishment of a NH ABLE savings account program.
While NH prepares for its potential launch of ABLE accounts, other states have begun programs already. Ohio, Tennessee and Nebraska have instituted ABLE programs in their states, which are open to individuals throughout the country. Many NH residents have expressed interest in ABLE and this page is intended to be a resource for those who are considering an ABLE account. Please note that while individuals are free to pursue ABLE accounts in other states, the final determination as to eligibility will be made by the respective state or their representative.
To discover more about existing ABLE programs, please visit the Able National Resource Center to determine if you, as a New Hampshire resident, are eligible to open an account in another state and use this benefit.