Across the United States, there are over 214,000 active ABLE accounts. However, there was a federal expansion of the program this year that increased the eligible population to approximately 14 million Americans. Although those changes have been put in place, only about 1.7% of newly eligible and previously qualified individuals have opened an account. They are effectively leaving tax-advantaged savings on the table, perhaps without even knowing it. Here are nine important updates to ABLE accounts that every family should know about.
