Program Benefits

The Program offers tax-advantaged investment accounts intended to be used for the Qualified Disability Expenses of a particular eligible Designated Beneficiary. Investment earnings, if any, on your contributions accumulate on a tax-deferred basis while in an Account. Qualified Withdrawals are exempt from federal income tax if they are used to pay for the Designated Beneficiary’s Qualified Disability Expenses. See the Federal Tax Considerations section of the Program Disclosure Statement.

Enroll and Manage Your Account Online

The Texas ABLE Program is an online program which means you can enroll and manage your Account online. Online enrollment is quick and easy at TexasABLE.org. The minimum initial contribution to open an Account is $50, and there is a minimum of $25 for subsequent contributions.

After establishing an Account, you can access and manage it online.

There is no “brick and mortar” location for ABLE programs. Enrollment and account activity are administered fully online at TexasABLE.org.

Anyone Can Contribute

Any person (including your friends and family), corporation, trust, or other legal entity may make a contribution to an Account. Our online gifting tool makes it easy for others to make contributions to an Account. The Designated Beneficiary is the owner of the Account. Generally, contributions made to an Account by anyone other than the Designated Beneficiary become the property of the Designated Beneficiary.

Prepaid Card

Texas ABLE offers a reloadable prepaid debit card as an optional service to Texas ABLE account owners. You may request a U.S. Bank Focus Card at the time of enrollment or, if you are an existing Texas ABLE account owner, you can log into your Texas ABLE account any time and request a card on the Profile tab. You can transfer money from your Texas ABLE account to the Focus Card and use it when you need to pay for qualified disability expenses anywhere Visa® debit cards are accepted. Funds on the card are FDIC insured.