Status: Signed into law - program in development
Annual Contribution Limit: 15000
ABLE To Work Act Contribution: An Account Owner who is employed and who is not contributing to a defined contribution plan, an annuity contract or an eligible deferred compensation plan may contribute additional money to his or her Account. The additional amount that may be contributed is an amount equal to the Account Owner’s compensation or equal to the poverty line for a one-person household for the prior calendar year, whichever amount is the less: up to $12,760 for residents of the 48 contiguous states; $15,950 for Alaska; or $14,680 for residents of Hawaii.
Program at a Glance
- Fee Range