Tax – Vermont Opens ABLE Program

On February 27, Vermont became the 17th state to launch a qualified ABLE Program. This program is currently only open to Vermont residents. The plan has five investment options. There is a monthly fee of $5 and annual asset-based fees that range from 0.19% to 0.34% depending on the investment option. Additionally, there is a minimum initial deposit of $50. More information about state implementation the ABLE Act can be found here. General information about ABLE programs can be found in the National Policy Matters: ABLE Accounts for People with Disabilities here.

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