South Dakota

State Account Limit: $350,000
Annual Contribution Limit: 15000
ABLE To Work Act Contribution: 12140
Withdrawal Hold Rules: Yes.
State Income Tax Deduction: No. There is no state income tax for residents of South Dakota.
ABLE Legislation:

HB 1224

Additional Information:

HB 1224 was signed into law on 3/11/2016. The bill:

  1. Excludes contributions to an account in a qualified ABLE savings program, earnings on the contributions or distributions from the account for qualified disability expenses from consideration when determining eligibility for state benefit programs.
  2. Authorizes the Investment Council to provide information about ABLE savings programs to residents of South Dakota.

Program at a Glance

  • Fee Range
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