Achieving a Better Life Experience


CalABLE is a savings and investment plan offered by the state of California to individuals with a disability. Eligible individuals, family, friends, and employers can contribute up to $15,000 a year without affecting the beneficiary’s public disability benefits. Beneficiaries who work can contribute even more to their accounts. Earnings on qualified withdrawals from a CalABLE account are federal and California state tax-free.



Individuals with a disability, which occurred before age 26, are eligible to open a CalABLE account. If you meet this age of onset requirement and receive benefits under SSI (Supplemental Security Income) and/or SSDI (Social Security Disability Insurance), you are automatically eligible to open a CalABLE account.


What to Consider

Before investing in any ABLE program, you should consider whether your home state provides its taxpayers with favorable state tax or other benefits that are only available through investment in the home state’s ABLE program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to directly contact your home state’s ABLE program, or any other ABLE program, to learn more about those plans’ features, benefits, and limitations.