Tax Policy – New Mexico, West Virginia Open Qualified ABLE Programs

New Mexico and West Virginia opened qualified ABLE programs, bringing the total number of jurisdictions with ABLE programs to 33. The programs are currently only open to state residents. They have five investment options. The accounts have a $3.50 monthly fee and asset-based fees ranging from 0.19% to 0.34% for investment options. The minimum initial deposit is $50. More information about state implementation of 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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