The annual contribution limit for any ABLE account is currently set at $16,000. This amount includes contributions by participating individuals, family members and friends. Over time, individuals may accumulate up to $100,000 in an ABLE account without impacting eligibility for benefits available through federal means-tested programs.
Thanks to the Tax Cuts and Jobs Act of 2017, ABLE TN account owners who meet certain eligibility requirements may contribute above the annual contribution limit. Please see the ABLE To Work Certification form to learn more.
Over time beneficiaries may accumulate up to $100,000 in an ABLE TN account without impacting eligibility for benefits available through most federal means-tested programs. Additionally, there is currently a contribution limit of $350,000 associated with ABLE TN accounts.