Description: CalABLE is a savings and investment plan offered by the state of California to individuals with disabilities.Eligible individuals, family, friends and employers can contribute up to $15,000 a year without affecting the account beneficiary's public disability benefits. CalABLE account owners 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 that 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.If you are not a recipient of SSI and/or SSDI, but still meet the age of onset requirement, you could still be eligible if you meet Social Security's definition and criteria regarding significant functional limitations and receive a letter of certification from a licensed physician.While CalABLE is California's ABLE Plan, any eligible individual in the country can open an account.More info about CalABLE here. More info about eligibility here.
Hours: Toll free number: 833-Cal-ABLE (833-225-2253) between 9am and 5pm PT
Eligibility: Individuals with a disability that occurred before age 26 are eligible to open a CalABLE account. More info about eligibility at https://calable.ca.gov/eligible.
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