Spread Holiday Cheer by Gifting to an IAble Account

DES MOINES - This holiday season, State Treasurer Roby Smith invites family and friends to give the gift of financial freedom to individuals with disabilities through contributions to their IAble account. "The spirit of the holidays is about giving and making a difference," said Smith. "Contributing to a loved one's IAble account is a meaningful way to support their well-being and independence."

IAble, Iowa's Achieving a Better Life Experience plan, provides an opportunity to save for housing, food, support services, transportation, education, assistive technology and other disability-related expenses without affecting eligibility for federal benefits. Additionally, IAble accounts provide tax advantages to maximize the benefits of saving. There are no annual taxes on the account earnings, there are no federal or state taxes on money withdrawn to pay for Qualified Disability Expenses and any Iowa taxpayer can deduct up to $5,500 in contributions from their state income taxes in 2024.

"Giving to a loved one's IAble account enables family and friends to actively participate in enhancing the quality of life for their loved one. Your gift can make a significant impact in the life of someone living with a disability," concluded Smith.

Visit IAble.gov for more information. Connect with the Treasurer on Facebook, Instagram and X, to stay informed of updates and news. For details about IAble, review the Plan Disclosure Booklet.

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