Action Alert: ABLE Age Adjustment Act

Posted by The Arc of North Carolina

The ABLE Age Adjustment Act would amend Section 529A(e) of the Internal Revenue Code to increase the eligibility for Achieving a Better Life Experience (ABLE) accounts for the onset of disability from prior to age 26 to prior to age 46.  This savings tool can positively impact millions of people with disabilities. 

The ABLE Age Adjustment Act is gathering some steam and your Representatives need to hear from people in North Carolina to support enactment of the legislation this year. There are several organizations on Capitol Hill for the anniversary of the Americans with Disabilities Act this week and the ABLE Age Adjustment Act is on their agendas. We need you to call your Representatives (202-224-3121) today!

Senator Richard Burr is a co-sponsor of the ABLE Age Adjustment Act. If you contact his office, please thank him for his continued support of the ABLE program. 

 To assist you, click the "read more" for a script that you can use when talking with your Members.

" I urge you to support people with disabilities by cosponsoring the ABLE Age Adjustment Act (S. 817, H.R. 1874) and supporting passage in the 115th Congress. The bipartisan ABLE Age Adjustment Act would amend Section 529A(e) of the Internal Revenue Code to increase the eligibility for Achieving a Better Life Experience (ABLE) accounts for onset of disability from prior to age 26 to prior to age 46. This savings tool can positively impact millions of people with disabilities. It is critical to act now to pass this simple and effective change. Please support people with disabilities by co-sponsoring the ABLE Age Adjustment Act and pushing for passage in 2018”.

Here are some important data points about the NC ABLE program that you can share with your Members:

  • -The NC ABLE program was established in 2017. The program allows children and adults with disabilities to save and invest money in a tax-deferred account.
  • -As of July 23, 2018, there are 434 NC ABLE accounts holding total assets of $1.8 million for children and adults with disabilities.
  • -The average account balance for an NC ABLE account is $4,228 which is higher than the $2,500 asset cap prior to NC ABLE legislation.


Thank you for your interest and work on this issue. Making the ABLE programs available to more people will provide many more people with opportunities for independence and self-determination.

Please let us know if you have any questions or if you receive any feedback from your Members’ offices (info@arcnc.org).

Here are some resources if you have questions regarding NC ABLE:

https://savewithable.com/nc/home.html

http://www.ablenrc.org/state-review/north-carolina

Yours sincerely,

The Arc of North Carolina’s Advocacy Team