CalABLE provides tax-free savings accounts for people with disabilities
- California will launch CalABLE, the state version of the federal Achieving a Better Life Experience Act of 2014 (the ABLE Act) in the summer of 2017.
- CalABLE allows individuals with qualifying disabilities to save up to $14,000/year for a total amount of $100,000 with earnings accumulating tax-free, and tax-free withdrawals for qualified disability expenses, such as education, housing, transportation, employment training and support, assistive technology and more.
- This effectively raises the cap for countable assets for individuals seeking assistance from public benefits from the current cap of $2,000 to a new cap of $100,000, providing a greater measure of security for people with disabilities.
- Until the California program is fully implemented, people can open accounts with existing programs from Ohio or Tennessee which can later be transferable to California.
More information about this exciting new development can be found on the California State Treasurer’s website: http://www.treasurer.ca.gov/able/index.asp
Federal Funding for Programs Serving People with Disabilities
Advocates are always working to encourage Congress to increase funding for the vital programs that support people with disabilities.
We're particularly focused on ensuring continued and increased funding for the following programs:
- Vocational Rehabilitation State Grant Program (U.S. Department of Education)
- Supported Employment State Grant Program (U.S. Department of Education)
- Senior Community Service Employment Program (U.S. Department of Labor)
- Homeless Veterans Reintegration Program (U.S. Department of Labor)
- Head Start (U.S. Department of Health and Human Services)
- IDEA Parts B and C (U.S. Department of Education)
- Maternal and Early Childhood Home Visiting Program (U.S. Department of Health and Human Services)
Take Action: Contact your Members of Congress now and urge them to fully fund federal programs that provide employment for people facing disability with employment, early childhood services, caregiver support and other critical services.
This chart, developed by Easterseals Office of Public Affairs, tracks the funding history of federal disability programs. The chart divides the information by agency, listing underneath each agency specific programs that matter to children and adults living with disability.