ABLEAmerica® contributions

Discover your options and get the information you need to process contributions into an ABLEAmerica account.

Contribution guidelines

Any individual or entity can contribute to an ABLEAmerica account.

For 2024, the maximum contribution limit is $18,000 per account owner. Account owners who earn income can contribute more than the annual limit. Contributions above the annual maximum are limited to those made from the account owner’s bank account. They can make an additional contribution equal to the lesser of:

The account owner’s compensation for the taxable year
The Federal Poverty Level for a one-person household (the level varies by location)

Contributions can be made until the total value of the account reaches $550,000. If the total value of the account falls below $550,000 for any reason, additional contributions can be made.

Note: For individuals with disabilities who are receiving Supplemental Security Income (SSI), the ABLE Act establishes some limitations:

The act exempts the first $100,000 in ABLE accounts from the SSI individual resource limit of $2,000. When the account exceeds $100,000, the Social Security Administration (SSA) suspends the account owner’s SSI cash benefit. The cash benefit remains suspended until the account value falls below $100,000.
The SSA considers distributions for housing expenses that weren’t spent in the same calendar month an asset of the disabled individual. In some instances, the SSA may reduce or suspend the disabled individual’s SSI benefits.

There is no deadline. However, contributions count as gifts in the year they are made. Therefore, a contribution must be made by December 31 to count as a gift for that year.

No, checks should be made payable to ABLEAmerica and include the account number and investment instructions.

For all share classes, the minimum amounts to establish an account or a new fund are:

$1,000 for money market funds
$250 for all other funds

Note: The initial investment minimum can be waived in certain instances. Refer to Fund minimums for more information.

The subsequent minimum contribution amount is $50 per fund for all funds.

Automatic investment plans

The minimum automatic investment amount is $50 per fund.

Yes, plans can be paused for up to one year. Contact us to make this change.

Any changes will apply if processed at least one business day before the scheduled investment.

The investment will occur on the next business day unless that day falls in the next month. In that case, the investment will occur on the business day before the weekend or holiday.

Rollovers and transfers

Yes, however the ABLEAmerica account owner must be the same as the previous owner or an eligible individual who qualifies as a member of the previous account owner’s family. Your client should consult a tax advisor to confirm eligibility.

Note: Rollovers from ABLEAmerica accounts for the same account owner are limited to one every 12-month period. Since account owners are allowed to maintain only one ABLE account nationwide, the owner must close their previous ABLE account after they have rolled over its assets to the new ABLE account.

Yes, however, 529 rollovers cannot:

Exceed the $18,000 maximum annual contribution limit
Cause the receiving ABLEAmerica account to exceed the $18,000 annual contribution limit
Cause the receiving ABLEAmerica account to exceed the $550,000 limit

If your client withdraws funds from a qualified tuition program with the intention of contributing the funds to an ABLEAmerica account, they must do so within 60 days of the initial distribution to retain the tax-free treatment of the rollover.

Consult a tax advisor regarding the tax consequences of any transfer or rollover.

Yes, rollovers will require a letter or statement from the transferring institution that shows the earnings and contribution breakdown of the rollover. The previous manager must provide this breakdown by the earlier date of:

30 days after the rollover
January 10 of the calendar year following the calendar year in which the rollover occurred

If an earnings documentation statement isn't received, the entire contribution is coded as earnings.

Return to ABLEAmerica >

Contact us

Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.

(800) 421-0180

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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.

The guidelines and procedures provided in the Account Resource Center may not apply to networked accounts or accounts not directly held by American Funds. The guidelines and procedures provided also apply only to those retirement accounts or Coverdell ESAs invested in American Funds with Capital Bank and Trust Company (CB&T) as custodian. The guidelines and procedures provided in the Account Resource Center do not apply to plans held in our retirement plan solutions — PlanPremier, PlanPremier-TPA or RecordkeeperDirect. Information on the Account Resource Center may change periodically, and previously printed information may not be current. Please refer to capitalgroup.com for the most current information available.

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This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.

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ABLEAmerica® contributions

Contribution guidelines

Automatic investment plans

Rollovers and transfers

Return to ABLEAmerica >

Contact us

Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.

(800) 421-0180

Investments

RESOURCES & RESEARCH

PORTFOLIO SOLUTIONS

MORE OFFERINGS

OUR APPROACH

Insights

Capital Ideas Pro™: Access to special events, courses and consulting to help you grow.

CATEGORIES

FEATURED

LEARNING CENTER

Tools & Resources

CLIENT ACCOUNT SUPPORT

INVESTMENT TOOLS

RETIREMENT PLANS

About Us

ABLEAmerica® contributions

Contribution guidelines

Who can contribute to an ABLEAmerica account?

What is the maximum contribution amount for ABLEAmerica accounts?

Are there any share class or fund restrictions when contributing to an ABLEAmerica account?

What is the deadline for contributions?

Will you accept third-party checks for an ABLEAmerica contribution?

What are the initial and subsequent contribution minimums?

Automatic investment plans

What is the minimum amount for automatic investment plans?

Can an automatic investment plan be temporarily stopped without deleting the option?

How long does it take for a change in an automatic investment plan to apply?

What if the automatic investment falls on a weekend or a holiday?

Rollovers and transfers

Can my client transfer or roll over an existing ABLE account into a new ABLEAmerica account?

Can 529 assets be rolled into an ABLEAmerica account?

Will my client need any additional documentation to complete their rollover?

Return to ABLEAmerica >

Contact us

Have questions or need additional support? Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.

(800) 421-0180

Capital Ideas Pro™:Access to special events, courses and consulting to help you grow.

Have questions or need additional support?
Contact us 8:00 a.m. to 7:00 p.m. ET, Monday through Friday.