Idaho

Status: Not Active
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.
Withdrawal Hold Rules: Yes.

Additional Information:

Idaho Statute §56-708

The State Independent Living Council (SILC) provides technical assistance, information and financial literacy training. Technical assistance includes information and assistance relating to the ABLE Act, setting up ABLE accounts in other states and providing information related to financial literacy. The SILC can be reached at (208)-334-3800.

The passage of House Bill 41, signed by Governor Butch Otter on March 20, 2017, provides information for disregarding ABLE accounts when determining an Idaho resident’s eligibility for a state or local assistance program or a needs-based state or local grant, so long as the ABLE account and the activity related to it are disregarded when determining an applicant’s eligibility for a Federal assistance program. This legislation also establishes, subject to appropriation, a function to provide individuals with disabilities, and those assisting them, technical assistance relating to the ABLE Act.

Program at a Glance

  • Fee Range