ABLE accounts are tax-advantaged savings accounts for people who developed significant disabilities before their 26th birthday. ABLE accounts are similar to 529 education accounts, and they are administered state-by-state, not by the U.S. federal government.

“The distributions are for qualified disability expenses, which include education; housing; transportation; employment training and support; assistive technology and related services; personal support services; health, financial management and administrative services; legal fees; expenses for ABLE account oversight and monitoring; funerals and burials; and basic living expenses”.