{"id":146696,"date":"2025-12-15T22:37:15","date_gmt":"2025-12-16T03:37:15","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=146696"},"modified":"2025-12-15T22:39:32","modified_gmt":"2025-12-16T03:39:32","slug":"treasurer-stacy-garrity-announces-expanded-access-to-pa-able-savings-program-for-pennsylvanians-with-disabilities","status":"publish","type":"post","link":"https:\/\/www.thevalleyledger.com\/?p=146696","title":{"rendered":"Treasurer Stacy Garrity Announces Expanded Access to PA ABLE Savings Program for Pennsylvanians with Disabilities"},"content":{"rendered":"

Six million more Americans including one million Veterans will\u00a0<\/em>be eligible for an ABLE account<\/em>\u00a0<\/strong><\/p>\n

Harrisburg, PA\u00a0<\/strong>\u2014 Pennsylvania Treasurer Stacy Garrity today announced today that starting Jan. 1, 2026, Pennsylvanians with a disability that started prior to the age of 46 will be eligible to save through the PA ABLE (Achieving a Better Life Experience) Savings Program. Prior to this coming expansion, participation in the program was limited to those whose disability occurred prior to the age of 26.<\/p>\n

PA ABLE accounts provide Pennsylvanians with disabilities, and their families, the opportunity to save money tax-free without impacting important benefits. Thanks to the ABLE Age Adjustment Act, ABLE accounts will now be accessible to six million more Americans, including one million Veterans.<\/p>\n

<\/a>\u201cThis significant expansion of eligibility to save with PA ABLE will usher in an era of greater financial independence and security for more of our friends and family members living with disabilities,\u201d Treasurer Garrity said. \u201cBy broadening access to PA ABLE, we are helping to ensure that everyone has the opportunity to flourish \u2013 a vision that was unattainable before ABLE programs.\u201d<\/p>\n

In 2014, federal legislation authorized states to establish ABLE programs, with Pennsylvania opening its first PA ABLE account in 2017 following the passage of legislation championed by Sen. Lisa Baker (R-20). Since then, the program has grown to become the fifth largest program in the country with over 11,500 accounts and more than $180 million saved.<\/p>\n

PA ABLE offers a variety of\u00a0investment options<\/a>\u00a0including a checking account where contributions grow tax-free, and withdrawals for qualified disability expenses are also free from state and federal taxes.\u00a0Qualified expenses<\/a>\u00a0include a wide range of items such as rent, healthcare, groceries, assistive technology, vehicle modifications and much more.<\/p>\n

Up to $19,000 in contributions to a PA ABLE account can be deducted from Pennsylvania income taxes annually. PA ABLE assets are also exempt from state inheritance tax.<\/p>\n

New this year, anyone\u00a0can contribute<\/a>\u00a0to a loved one\u2019s PA ABLE account by purchasing an online gift card to be redeemed into an account, or making a gift directly through the Ugift platform with a code shared by the account owner. To learn more visit\u00a0paable.gov\/gift<\/a>.<\/p>\n

\u201cPA ABLE accounts have already made a meaningful difference in the lives of so many Pennsylvanians,\u201d Treasurer Garrity said. \u201cI encourage everyone to explore how this financial tool can provide security and stability for themselves or their loved ones\u201d<\/p>\n

Since taking office, Treasurer Garrity has reduced PA ABLE account fees six times. She was a strong advocate for the ABLE Age Adjustment Act, and the inaugural chair of the ABLE Savings Plans Network which works to strengthen ABLE programs on a national level.<\/p>\n

To learn more about program\u00a0eligibility<\/a>\u00a0and how to start saving with PA ABLE, visit\u00a0paable.gov<\/a>, email\u00a0info@paable.gov<\/a>\u00a0or call 855-529-2253.<\/p>\n

STACY GARRITY, STATE TREASURER<\/p>\n

www.patreasury.gov<\/a><\/p>\n

Information provided to TVL by:
\nSteve Chizmar<\/p>\n","protected":false},"excerpt":{"rendered":"

Six million more Americans including one million Veterans will\u00a0be eligible for an ABLE account\u00a0 Harrisburg, PA\u00a0\u2014 Pennsylvania Treasurer Stacy Garrity today announced today that starting Jan. 1, 2026, Pennsylvanians with … Continue reading Treasurer Stacy Garrity Announces Expanded Access to PA ABLE Savings Program for Pennsylvanians with Disabilities<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":120734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[69,482],"tags":[],"class_list":["post-146696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in-the-valley","category-press-release-2"],"jetpack_publicize_connections":[],"acf":[],"jetpack_featured_media_url":"https:\/\/www.thevalleyledger.com\/wp-content\/uploads\/2023\/07\/Pennsylvania-Treasury.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/146696"}],"collection":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=146696"}],"version-history":[{"count":0,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/146696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/120734"}],"wp:attachment":[{"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=146696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=146696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=146696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}