{"id":147007,"date":"2026-01-08T16:28:30","date_gmt":"2026-01-08T21:28:30","guid":{"rendered":"https:\/\/www.thevalleyledger.com\/?p=147007"},"modified":"2026-01-08T16:28:30","modified_gmt":"2026-01-08T21:28:30","slug":"treasurer-stacy-garrity-announces-expanded-pa-able-eligibility-now-in-effect","status":"publish","type":"post","link":"https:\/\/thevalleyledger.com\/?p=147007","title":{"rendered":"Treasurer Stacy Garrity Announces Expanded PA ABLE Eligibility Now in Effect"},"content":{"rendered":"

Harrisburg, PA\u00a0<\/strong>\u2014 Pennsylvania Treasurer Stacy Garrity today announced that expanded eligibility for the PA ABLE (Achieving a Better Life Experience) Savings Program is officially in effect. As of January 1, Pennsylvanians whose qualifying disability began prior to the age of 46 are eligible to open a PA ABLE account.\u00a0Previously, eligibility was for individuals whose disability began before age 26.<\/p>\n

This change, made possible by the ABLE Age Adjustment Act, opens the door for an estimated six million additional Americans \u2014 including approximately one million Veterans \u2014 to benefit from ABLE savings accounts nationwide.<\/p>\n

\u201cThis marks a major step toward financial independence and security for our friends and neighbors with disabilities,\u201d Treasurer Garrity said. \u201cWith this eligibility expansion now in place, more Pennsylvanians can save for their future without risking critical benefits. PA ABLE is about opportunity, dignity, and increasing independence, and I\u2019m thrilled more Pennsylvanians will be able to enjoy the benefits of this life-changing program.\u201d<\/p>\n

PA ABLE accounts allow Pennsylvanians with disabilities and their families to save tax-free without impacting eligibility for important benefits such as Supplemental Security Income (SSI). Earnings grow tax-free, and withdrawals for qualified disability-related expenses are exempt from state and federal taxes.<\/p>\n

The contribution limit for PA ABLE accounts is $20,000, and Pennsylvania residents can deduct up to $19,000 per year in PA ABLE contributions from their state income taxes. PA ABLE assets are also exempt from Pennsylvania inheritance tax.<\/p>\n

Since opening its first accounts in 2017, following the passage of legislation championed by Sen. Lisa Baker (R-20), PA ABLE has grown to become the fifth largest ABLE program in the nation, with more than 11,500 accounts and over $185 million saved.<\/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

\n

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

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

\n

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

Harrisburg, PA\u00a0\u2014 Pennsylvania Treasurer Stacy Garrity today announced that expanded eligibility for the PA ABLE (Achieving a Better Life Experience) Savings Program is officially in effect. As of January 1, Pennsylvanians whose qualifying disability began prior to the age of 46 are eligible to open a PA ABLE account.\u00a0Previously, eligibility was for individuals whose disability … Continue reading Treasurer Stacy Garrity Announces Expanded PA ABLE Eligibility Now in Effect<\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[482],"tags":[],"class_list":["post-147007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release-2"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/thevalleyledger.com\/wp-content\/uploads\/2023\/07\/Pennsylvania-Treasury.jpg?fit=672%2C372&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/147007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=147007"}],"version-history":[{"count":0,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/posts\/147007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=\/wp\/v2\/media\/120734"}],"wp:attachment":[{"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=147007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=147007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thevalleyledger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=147007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}