ABLE accounts help provide financial security for individuals with disabilities by allowing earnings in the account to grow free from federal taxes as long as withdrawals are used for qualified disability expenses.

Individuals can invest up to $18,000 per year (for 2024) in the account. Savings grow free from federal taxes and may be free from state tax if used for qualified disability expenses. (Tax-advantaged treatment applies to savings used for qualified disability expenses. State tax treatment varies.) If withdrawals are used for purposes other than qualified disability expenses, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.

Who is eligible?


ABLE accounts are available to U.S. citizens and permanent residents. In addition, the individual must meet at least one of the following criteria:

  • Be entitled to benefits based on blindness or disability under Title II or XVI of the Social Security Act; or
  • Have a signed licensed physician’s diagnosis that he or she is either (a) blind (within the meaning of the Social Security Act), (b) has a medically determinable physical or mental impairment which results in marked and severe functional limitations and which can be expected to result in death or has lasted (or can be expected to last) for a continuous period of not less than 12 months and/or (c) has a condition listed in the “List of Compassionate Allowances Conditions” maintained by the Social Security Administration.

    In either case, the applicable blindness or disability must have occurred before age 26.

Who would benefit?


Families and individuals with disabilities can use funds in an ABLE account for qualified disability expenses including basic living expenses, housing and health care.

Open an account

An ABLEAmerica savings plan is only one type of investment Capital Group offers. For a complete investment strategy we recommend choosing a financial professional to work with via our Financial professional locator. Ready to open a new account? Download the application below.

Other resources

Learn more about how ABLE accounts can help individuals maintain their independence and save for the future.

Investment options

American Funds Portfolio Series

Gain access to broadly diversified American Funds that can help you pursue real-life goals

  • American Funds Global Growth Portfolio
  • American Funds Growth Portfolio
  • American Funds Growth and Income Portfolio
  • American Funds Moderate Growth and Income Portfolio
  • American Funds Conservative Growth and Income
  • American Funds Preservation Portfolio

American Funds U.S. Government Money Market Fund

Earn income on your cash reserves while preserving capital and maintaining liquidity with American Funds U.S. Government Money Market Fund.

Allocations may not achieve investment objectives. The portfolios' risks are directly related to the risks of the underlying funds.

You could lose money by investing in American Funds® U.S. Government Money Market Fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will at any time.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. ABLEAmerica is distributed by American Funds Distributors, Inc., which will be renamed Capital Client Group, Inc. on or around July 1, 2024, and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits not available through ABLEAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. ABLEAmerica is a nationwide plan sponsored by Virginia529. 
The value of fixed income securities may be affected by changing interest rates and changes in credit ratings of the securities.
This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.
Visit the SEC website for the American Funds® U.S. Government Money Market Fund's most recent filings.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
American Funds Distributors, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.